VITA BASIC EXAM
What is the most advantageous filing status allowable that Joe can claim on his tax return for 2021?
- ANSWER Head of Household
Joe can claim a higher standard deduction because he is blind. - ANSWER True
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because they are too young
and have no qualifying children. - ANSWER false
Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 tax return. -
ANSWER false
Which of the Reynolds children qualifies for the child tax credit (CTC)? - ANSWER Laura and
Timothy
Archie and Tina will not itemize deductions but can deduct the full amount of their charitable
contribution. - ANSWER false
The Brooks qualify for the Credit for Other Dependents. - ANSWER True
The Brooks qualify for the Earned Income Tax Credit. - ANSWER false
Alan cannot claim the Earned Income Tax Credit because his age is more than the age limit. -
ANSWER False
Alan must take a required minimum distribution in 2021. - ANSWER false
Bobbie can exclude his unemployment compensation on his 2021 tax return. - ANSWER False
Bobbie is eligible for the following credit: - ANSWER American Opportunity Credit
Lifetime learning credit
What is the most advantageous filing status allowable that Joe can claim on his tax return for 2021?
- ANSWER Head of Household
Joe can claim a higher standard deduction because he is blind. - ANSWER True
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because they are too young
and have no qualifying children. - ANSWER false
Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 tax return. -
ANSWER false
Which of the Reynolds children qualifies for the child tax credit (CTC)? - ANSWER Laura and
Timothy
Archie and Tina will not itemize deductions but can deduct the full amount of their charitable
contribution. - ANSWER false
The Brooks qualify for the Credit for Other Dependents. - ANSWER True
The Brooks qualify for the Earned Income Tax Credit. - ANSWER false
Alan cannot claim the Earned Income Tax Credit because his age is more than the age limit. -
ANSWER False
Alan must take a required minimum distribution in 2021. - ANSWER false
Bobbie can exclude his unemployment compensation on his 2021 tax return. - ANSWER False
Bobbie is eligible for the following credit: - ANSWER American Opportunity Credit
Lifetime learning credit
