VITA Basic Test UPDATED ACTUAL Exam Questions and CORRECT Answers

VITA Basic Test UPDATED ACTUAL Exam
Questions and CORRECT Answers
Calvin has qualifying health insurance coverage (also known as minimum essential coverage) as
defined under the Affordable Care Act. - CORRECT ANSWER - True


Calvin and Betty may need to make a shared responsibility payment on their joint return if they
don't qualify for an exemption. - CORRECT ANSWER - True



Who can claim the American opportunity credit? - CORRECT ANSWER - Dana can claim
the credit because Tom is her dependent.


Dana's most advantageous allowable filing status is: - CORRECT ANSWER - Head of
Household


Who can Bob claim as a qualifying child(ren) for the earned income credit? - CORRECT
ANSWER - Bob can claim Sara, but not Joan.



Who can claim Sara as a dependent? - CORRECT ANSWER - Joan can claim Sara because
she is Sara's mother. (Wrong)


Will may claim R.J. as a dependent on his tax return. - CORRECT ANSWER - True


Is Will able to claim R.J. as a qualifying child for the earned income credit (EIC)? - CORRECT
ANSWER - No, because Will has an ITIN.


Which benefit(s) can Will claim on his tax return? (Choose the best answer) - CORRECT
ANSWER - All of the above