VITA BASIC EXAM QUESTIONS AND
ANSWERS
1.What is the most advantageous filing status allowable that Joe can claim
on his taxreturn for 2021?: Head of Household
2.Joe can claim a higher standard deduction because he is blind.: True
3.Chris and Marcie cannot claim the Earned Income Tax Credit (EITC)
because theyare too young and have no qualifying children.: false
4.Chris and Marcie must claim the EIP3 of $2,800 as taxable income on
their 2021 taxreturn.: false
5.Which of the Reynolds children qualifies for the child tax credit (CTC)?:
Lau- ra and Timothy
6.Archie and Tina will not itemize deductions but can deduct the full
amount of theircharitable contribution.: false
7.The Brooks qualify for the Credit for Other Dependents.: True
8.The Brooks qualify for the Earned Income Tax Credit.: false
9.Alan cannot claim the Earned Income Tax Credit because his age is
more than theage limit.: False
10.. Alan must take a required minimum distribution in 2021.: false
11.Bobbie can exclude his unemployment compensation on his 2021
tax return.: False
12.Bobbie is eligible for the following credit:: American Opportunity
Credit Lifetime learning credit
earned income credit
???
13.Bobbie can claim the student loan interest deduction on his tax return.: -
true
fals
e
14.Fred and Wilma Jones can claim the Credit for Other Dependents.: True
15.What is the total amount of federal income tax withholding shown
on theJones' Form(s) W-2 and 1099?: $6100
5200
2700
????
16.The taxable amount of Fred's Social Security is $7,650.00: True
17.Which of the following statements are true?: Qualified dividends are
reported on Form 1099-DIV.
Qualified dividends are part of the total ordinary dividends.
Qualified dividends qualify for lower, long-term capital gains tax rates.
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ANSWERS
1.What is the most advantageous filing status allowable that Joe can claim
on his taxreturn for 2021?: Head of Household
2.Joe can claim a higher standard deduction because he is blind.: True
3.Chris and Marcie cannot claim the Earned Income Tax Credit (EITC)
because theyare too young and have no qualifying children.: false
4.Chris and Marcie must claim the EIP3 of $2,800 as taxable income on
their 2021 taxreturn.: false
5.Which of the Reynolds children qualifies for the child tax credit (CTC)?:
Lau- ra and Timothy
6.Archie and Tina will not itemize deductions but can deduct the full
amount of theircharitable contribution.: false
7.The Brooks qualify for the Credit for Other Dependents.: True
8.The Brooks qualify for the Earned Income Tax Credit.: false
9.Alan cannot claim the Earned Income Tax Credit because his age is
more than theage limit.: False
10.. Alan must take a required minimum distribution in 2021.: false
11.Bobbie can exclude his unemployment compensation on his 2021
tax return.: False
12.Bobbie is eligible for the following credit:: American Opportunity
Credit Lifetime learning credit
earned income credit
???
13.Bobbie can claim the student loan interest deduction on his tax return.: -
true
fals
e
14.Fred and Wilma Jones can claim the Credit for Other Dependents.: True
15.What is the total amount of federal income tax withholding shown
on theJones' Form(s) W-2 and 1099?: $6100
5200
2700
????
16.The taxable amount of Fred's Social Security is $7,650.00: True
17.Which of the following statements are true?: Qualified dividends are
reported on Form 1099-DIV.
Qualified dividends are part of the total ordinary dividends.
Qualified dividends qualify for lower, long-term capital gains tax rates.
1/
3
