1
VITA Basic Exam
. Alan must take a required minimum distribution in 2021. - ANS false
R
Alan cannot claim the Earned Income Tax Credit because his age is more than theage
limit. - ANS False
E
Archie and Tina will not itemize deductions but can deduct the full amount of
H
theircharitable contribution. - ANS false
G
Bobbie can claim the student loan interest deduction on his tax return. - ANS true
false
False
HI
Bobbie can exclude his unemployment compensation on his 2021 tax return. - ANS
G
Bobbie is eligible for the following credit: - ANS American Opportunity Credit
Lifetime learning credit
N
earned income credit
I
???
Y
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too
L
young and have no qualifying children. - ANS false
F
Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021
taxreturn. - ANS false
Fred and Wilma Jones can claim the Credit for Other Dependents. - ANS True
Joe can claim a higher standard deduction because he is blind. - ANS True
Mary is subject to the additional 10% tax on early distributions. - ANS true
Mary qualifies for which of the following credits? - ANS both a and b
VITA Basic Exam
. Alan must take a required minimum distribution in 2021. - ANS false
R
Alan cannot claim the Earned Income Tax Credit because his age is more than theage
limit. - ANS False
E
Archie and Tina will not itemize deductions but can deduct the full amount of
H
theircharitable contribution. - ANS false
G
Bobbie can claim the student loan interest deduction on his tax return. - ANS true
false
False
HI
Bobbie can exclude his unemployment compensation on his 2021 tax return. - ANS
G
Bobbie is eligible for the following credit: - ANS American Opportunity Credit
Lifetime learning credit
N
earned income credit
I
???
Y
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too
L
young and have no qualifying children. - ANS false
F
Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021
taxreturn. - ANS false
Fred and Wilma Jones can claim the Credit for Other Dependents. - ANS True
Joe can claim a higher standard deduction because he is blind. - ANS True
Mary is subject to the additional 10% tax on early distributions. - ANS true
Mary qualifies for which of the following credits? - ANS both a and b
