H&R Block FINAL TEST | WITH COMPLETE AND DETAILED
QUESTIONS AND ANSWERS | REAL EXAM QNA | 2025 LATEST
UPDATED 100% RATED CORRECT | 100% VERFIED | ALREADY
GRADED A+|GUARANTEED TO PASS!!
Which of the following individuals is an eligible educator and may deduct up to $300 of
qualified educator expenses? (None of them received any reimbursements.) - (answer)Mr. Chang
is a fourth-grade teacher. He taught full-time in a classroom and worked more than 900 hours
during the school year. He spent $750 on teaching supplies used in his classroom
Kailani has a bank account at Lending Bank. She received Form 1099-INT, Interest Income,
shown below. She has no other interest or dividends to report. Where should this income be
reported on Kailani's tax return? Answer choices are below the image. - (answer)$410 on line 2a,
$230 on line 2b of Form 1040, and $45 on line 18 of Schedule 1 (Form 1040).
Ellen and her husband were legally divorced in 2017. After the divorce, Ellen retained physical
custody of their children. Ellen received the following amounts from her ex-husband, on behalf
of the children or as ordered by the court through a divorce decree:
Court-ordered child support of $1,000 per month.
Court-ordered alimony of $500 per month.
How much of this income should be reported on Ellen's federal return? - (answer)6,000
Karen and Pete are married and will file a joint return. They brought all their tax documents to
Jamal to prepare their return. The three documents are a Form W-2 for Karen ($55,300), a Form
W-2 for Pete ($22,400), and unemployment compensation for Pete of $5,200. What will be their
total income reported on their 2022 Form 1040, line 9? - (answer)$82,900
Brian and Joy are divorced. Their divorce settlement agreement signed on June 1, 2017, states
Brian must pay Joy $1,000 per month for child support and $1,000 per month for alimony.
Joy's child support payments are: - (answer)Nontaxable.
,George graduated from college last year and started repaying his student loans. He received
Form 1098-E, Student Loan Interest Statement, showing he paid $3,000 in interest on his student
loans for the year. His total income before adjustments is $68,500, and he meets all requirements
to be able to deduct the interest. How much, if any, will George be allowed to deduct as an
adjustment to his income? - (answer)$2,500
Soledad is single. He borrowed $900,000 and purchased a new main home in March of 2020.
Soledad will be itemizing his deductions. On what portion of the acquisition debt will interest be
deductible on Soledad's tax return for 2022? - (answer)$750,000
Harmony donated a car to a qualified charitable organization. She purchased the car in 2013 for
$28,000. The fair market value of the car when she donated it was $3,750. The charitable
organization immediately sold the car for $2,000. They did not significantly use or make any
improvements to it. The organization provided Harmony with a Form 1098-C, Contributions of
Motor Vehicles, Boats, and Airplanes. How much can she deduct as a charitable contribution on
her Schedule A (Form 1040), Itemized Deductions? - (answer)$2,000
Choose the response that accurately completes the following sentence. Written acknowledgment
from the donee for contributions to qualified charitable organizations is required when a taxpayer
makes a single donation of: - (answer)$250 or more.
On the Schedule A (Form 1040), Itemized Deductions, the deduction for state and local income
taxes is limited to what amoun - (answer)$10,000 ($5,000 if MFS).
Robert is single. He purchased a new main home in March of 2017 for $900,000. Robert will be
itemizing his deductions. On what portion of the acquisition debt will interest be deductible on
Robert's tax return for 2022? - (answer)$900,000
Nash was reimbursed in 2022 by his insurance company for a medical expense that he had
previously deducted on his 2021 Schedule A (Form 1040), Itemized Deductions. What is the tax
treatment of the recovered medical expense, if any? - (answer)The recovery is includable in
income in the year received up to the amount by which the deduction or credit claimed reduced
taxes in the prior year.
,Paloma purchased a home with her husband, Neville, in January of 2021 for $700,000. In June of
2021, Paloma and Neville separated. On December 31, 2022, they were still legally married but
did not live together all year. They do not live in a community property state. Neville refused to
file a joint return with Paloma. Paloma filed her return using the married filing separately filing
status. Paloma is living in the home and has continued to make the mortgage payments using
funds from her own account. Paloma will be itemizing her deductions. On what portion of the
acquisition debt will interest be deductible on Paloma's tax return for 2022? - (answer)$375,000
If a taxpayer has to repay an amount they reported as income in an earlier year (because at the
time, they thought they had an unrestricted right to it), they may be able to claim a deduction or a
credit under the "claim of right" rules.Choose the response that correctly completes the next
sentence describing a taxpayer's eligibility for a deduction or credit under these rules. The
taxpayer: - (answer)ay be able to claim the deduction or credit if the amount they repaid is more
than $3,000.
Joshua purchased a qualified plug-in electric motor vehicle on June 2, 2022. He qualifies for the
Qualified Plug-in Electric Drive Motor Vehicle Credit. Joshua may qualify for a credit of what
amount? - (answer)The credit ranges from $2,500 to $7,500, depending on battery capacity and
other factors.
To claim the Clean Vehicle Credit, the qualifying electric vehicle must have been assembled in
North America after which date? - (answer)To claim the Clean Vehicle Credit, the qualifying
electric vehicle must have been assembled in North America after which date?
The Premium Tax Credit is a credit that helps pay the cost of health care coverage through the
Health Insurance Marketplace. All the following are true, EXCEPT: - (answer)The tax household
includes the taxpayer, spouse, and anyone who is claimed as a dependent on the tax return.
Jamal purchased his home in 2019. In 2022, he installed energy efficient windows that meet the
Energy Star most efficient certification requirements for a total cost of $1,600. He also installed
exterior doors that meet the Energy Star requirements for a total cost of $2,100. His tax liability
is $3,900. Jamal had a Residential Energy Property Credit in a previous year in the amount of
$300. What is the amount of his Energy Efficient Home Improvement Credit? - (answer)$200
, Taxpayers who acquire qualifying commercial vehicles, weighing under 14,000 pounds, after
December 31, 2022, through December 31, 2032 may qualify for the Credit for Qualified
Commercial Clean Vehicles on the 2023 tax return. What is the maximum credit per vehicle? -
(answer)$7,500
Devan and Amber adopted a child with special needs in a domestic adoption. They had $5,500 in
qualified adoption expenses in 2022, and the adoption was finalized on December 18, 2022.
Their modified adjusted gross income is $210,000. Assuming all requirements are met, what is
the maximum adoption credit they can claim in 2022? - (answer)$14,890
Stanley holds foreign investments in foreign stocks and bonds. The issuing foreign country
withheld taxes on his investment income. To avoid double taxation on the income earned from
these investments, Stanley may be eligible to claim which credit? - (answer)Foreign Tax Credit.
On July 15, 2008, Michael and his wife Julie purchased a new home. They received the First-
time Homebuyer Credit in the amount of $7,000. What tax form is used to repay their tax credit?
- (answer)Form 5405.
Marcel attends graduate school. For 2022, he received a Form 1098-T, Tuition Statement,
showing tuition paid of $14,300. What is the maximum amount of the lifetime learning credit he
can claim for 2022? - (answer)$2,000
Tuition payments. - (answer)Which of the following expenses is allowed for the American
Opportunity Tax Credit?
What is the maximum amount of tax years a student may claim the lifetime learning credit? -
(answer)Four years.
Audrey is a degree candidate at her local state college. She received a scholarship for $5,000.
She applied the amount to her tuition, which totaled $10,000. How much, if any, of the
scholarship is taxable income? - (answer)$0
QUESTIONS AND ANSWERS | REAL EXAM QNA | 2025 LATEST
UPDATED 100% RATED CORRECT | 100% VERFIED | ALREADY
GRADED A+|GUARANTEED TO PASS!!
Which of the following individuals is an eligible educator and may deduct up to $300 of
qualified educator expenses? (None of them received any reimbursements.) - (answer)Mr. Chang
is a fourth-grade teacher. He taught full-time in a classroom and worked more than 900 hours
during the school year. He spent $750 on teaching supplies used in his classroom
Kailani has a bank account at Lending Bank. She received Form 1099-INT, Interest Income,
shown below. She has no other interest or dividends to report. Where should this income be
reported on Kailani's tax return? Answer choices are below the image. - (answer)$410 on line 2a,
$230 on line 2b of Form 1040, and $45 on line 18 of Schedule 1 (Form 1040).
Ellen and her husband were legally divorced in 2017. After the divorce, Ellen retained physical
custody of their children. Ellen received the following amounts from her ex-husband, on behalf
of the children or as ordered by the court through a divorce decree:
Court-ordered child support of $1,000 per month.
Court-ordered alimony of $500 per month.
How much of this income should be reported on Ellen's federal return? - (answer)6,000
Karen and Pete are married and will file a joint return. They brought all their tax documents to
Jamal to prepare their return. The three documents are a Form W-2 for Karen ($55,300), a Form
W-2 for Pete ($22,400), and unemployment compensation for Pete of $5,200. What will be their
total income reported on their 2022 Form 1040, line 9? - (answer)$82,900
Brian and Joy are divorced. Their divorce settlement agreement signed on June 1, 2017, states
Brian must pay Joy $1,000 per month for child support and $1,000 per month for alimony.
Joy's child support payments are: - (answer)Nontaxable.
,George graduated from college last year and started repaying his student loans. He received
Form 1098-E, Student Loan Interest Statement, showing he paid $3,000 in interest on his student
loans for the year. His total income before adjustments is $68,500, and he meets all requirements
to be able to deduct the interest. How much, if any, will George be allowed to deduct as an
adjustment to his income? - (answer)$2,500
Soledad is single. He borrowed $900,000 and purchased a new main home in March of 2020.
Soledad will be itemizing his deductions. On what portion of the acquisition debt will interest be
deductible on Soledad's tax return for 2022? - (answer)$750,000
Harmony donated a car to a qualified charitable organization. She purchased the car in 2013 for
$28,000. The fair market value of the car when she donated it was $3,750. The charitable
organization immediately sold the car for $2,000. They did not significantly use or make any
improvements to it. The organization provided Harmony with a Form 1098-C, Contributions of
Motor Vehicles, Boats, and Airplanes. How much can she deduct as a charitable contribution on
her Schedule A (Form 1040), Itemized Deductions? - (answer)$2,000
Choose the response that accurately completes the following sentence. Written acknowledgment
from the donee for contributions to qualified charitable organizations is required when a taxpayer
makes a single donation of: - (answer)$250 or more.
On the Schedule A (Form 1040), Itemized Deductions, the deduction for state and local income
taxes is limited to what amoun - (answer)$10,000 ($5,000 if MFS).
Robert is single. He purchased a new main home in March of 2017 for $900,000. Robert will be
itemizing his deductions. On what portion of the acquisition debt will interest be deductible on
Robert's tax return for 2022? - (answer)$900,000
Nash was reimbursed in 2022 by his insurance company for a medical expense that he had
previously deducted on his 2021 Schedule A (Form 1040), Itemized Deductions. What is the tax
treatment of the recovered medical expense, if any? - (answer)The recovery is includable in
income in the year received up to the amount by which the deduction or credit claimed reduced
taxes in the prior year.
,Paloma purchased a home with her husband, Neville, in January of 2021 for $700,000. In June of
2021, Paloma and Neville separated. On December 31, 2022, they were still legally married but
did not live together all year. They do not live in a community property state. Neville refused to
file a joint return with Paloma. Paloma filed her return using the married filing separately filing
status. Paloma is living in the home and has continued to make the mortgage payments using
funds from her own account. Paloma will be itemizing her deductions. On what portion of the
acquisition debt will interest be deductible on Paloma's tax return for 2022? - (answer)$375,000
If a taxpayer has to repay an amount they reported as income in an earlier year (because at the
time, they thought they had an unrestricted right to it), they may be able to claim a deduction or a
credit under the "claim of right" rules.Choose the response that correctly completes the next
sentence describing a taxpayer's eligibility for a deduction or credit under these rules. The
taxpayer: - (answer)ay be able to claim the deduction or credit if the amount they repaid is more
than $3,000.
Joshua purchased a qualified plug-in electric motor vehicle on June 2, 2022. He qualifies for the
Qualified Plug-in Electric Drive Motor Vehicle Credit. Joshua may qualify for a credit of what
amount? - (answer)The credit ranges from $2,500 to $7,500, depending on battery capacity and
other factors.
To claim the Clean Vehicle Credit, the qualifying electric vehicle must have been assembled in
North America after which date? - (answer)To claim the Clean Vehicle Credit, the qualifying
electric vehicle must have been assembled in North America after which date?
The Premium Tax Credit is a credit that helps pay the cost of health care coverage through the
Health Insurance Marketplace. All the following are true, EXCEPT: - (answer)The tax household
includes the taxpayer, spouse, and anyone who is claimed as a dependent on the tax return.
Jamal purchased his home in 2019. In 2022, he installed energy efficient windows that meet the
Energy Star most efficient certification requirements for a total cost of $1,600. He also installed
exterior doors that meet the Energy Star requirements for a total cost of $2,100. His tax liability
is $3,900. Jamal had a Residential Energy Property Credit in a previous year in the amount of
$300. What is the amount of his Energy Efficient Home Improvement Credit? - (answer)$200
, Taxpayers who acquire qualifying commercial vehicles, weighing under 14,000 pounds, after
December 31, 2022, through December 31, 2032 may qualify for the Credit for Qualified
Commercial Clean Vehicles on the 2023 tax return. What is the maximum credit per vehicle? -
(answer)$7,500
Devan and Amber adopted a child with special needs in a domestic adoption. They had $5,500 in
qualified adoption expenses in 2022, and the adoption was finalized on December 18, 2022.
Their modified adjusted gross income is $210,000. Assuming all requirements are met, what is
the maximum adoption credit they can claim in 2022? - (answer)$14,890
Stanley holds foreign investments in foreign stocks and bonds. The issuing foreign country
withheld taxes on his investment income. To avoid double taxation on the income earned from
these investments, Stanley may be eligible to claim which credit? - (answer)Foreign Tax Credit.
On July 15, 2008, Michael and his wife Julie purchased a new home. They received the First-
time Homebuyer Credit in the amount of $7,000. What tax form is used to repay their tax credit?
- (answer)Form 5405.
Marcel attends graduate school. For 2022, he received a Form 1098-T, Tuition Statement,
showing tuition paid of $14,300. What is the maximum amount of the lifetime learning credit he
can claim for 2022? - (answer)$2,000
Tuition payments. - (answer)Which of the following expenses is allowed for the American
Opportunity Tax Credit?
What is the maximum amount of tax years a student may claim the lifetime learning credit? -
(answer)Four years.
Audrey is a degree candidate at her local state college. She received a scholarship for $5,000.
She applied the amount to her tuition, which totaled $10,000. How much, if any, of the
scholarship is taxable income? - (answer)$0
