AND 100% CORRECT WELL DETAILED
ANSWERS|LATEST
UPDATE!!!!2025/2026|GUARANTEED PASS|GRADED
Taxpayer A and Taxpayer B met in early December through an online app and decided to get
married on December 31, 2021.What is an acceptable filing status? -
ANSWER Yes/True. Married Filing Jointly Yes/True. Married Filing Separately
A taxpayer needs assistance in determining their residency status for the current year The
taxpayer is not a U.S. citizen but is treated as a resident alien for tax purposes. Is this
statement true? - ANSWER Yes/True. Since the taxpayer met the substantial presence
test, they would be considered a resident for the current year. Yes/True. Since the taxpayer
met the green card test, they would be considered a resident for the current year.
Josephine is a Canadian citizen and resident. She is not a US citizen, but was physically
present in the USA for 170 days in the current year. She was in the USA for 30 days and 60
days in each of the previous two years. Will Josephine be considered a citizen or resident of
the USA when applying the substantial presence test in the current year? -
ANSWER Yes/True. She will qualify as she meets the substantial presence test with 190
days when applying the formula.
Is this a test that individual must satisfy to be considered a qualifying child of a taxpayer? -
ANSWER Yes/True. Relationship test Yes/True. Support test
In the following scenario, is Form 1040 required to be filed for 2022? -
ANSWER Yes/True. Taxpayer is single, has income of $6,000 and $300 of federal
income taxes withheld. They want to claim the refund.
Yes/True. Taxpayer is married filing jointly. Taxpayer has $80,000 in earned income and
spouse has net profits of $40,000 from their sole proprietorship.
1
, Is the following statement correct about Form W-2? - ANSWER Yes/True. Box 1
provides the total of how much you were paid in wages, tips, and other compensation.
Is the following statement correct when calculating the individual federal income tax
formula? - ANSWER Yes/True. Taxpayers subtract Above Line Deductions from Gross
Income to determine Adjusted Gross Income. Yes/True. Taxpayers subtract Qualified
Business Income from Adjusted Gross Income to determine Taxable Income.
Taxpayer A is a student athlete in high school. They are being recruited by colleges to play
soccer at a Division I school and are popular on several social media platforms. Taxpayer A
provides social media advertisements for several businesses in the local area. Below is
additional information for their current year. *Taken as a dependent on their parent's tax
return
*Earned income of $7,500 for social media advertisements for local car dealership,
restaurant, auto body shop and hair salon
*Has $1,000 of business expenses related to the social media advertisements
Is the following true about this scenario? - ANSWER Yes/True. The taxpayer will need
to file Schedule C in their tax return. Yes/True. The taxpayer will have to pay self-
employment tax.
You are a 30 year old engineer working full-time. For the tax year 2022, you received the
following: *$35,000 Salary on W-2 *$500 Dividend Income *$200 Tax Exempt Interest
Income *$1,000 Municipal Bond Interest Income *Paid $7,000 in Real Estate Taxes *Paid
$2,500 for Home Mortgage Interest *Paid $1,000 in charitable contributions
*Paid $2,500 in medical expenses - ANSWER Yes/True. Your taxable income is $23,500.
Is the following statement true with regard to a taxpayer's foreign income? -
ANSWER Yes/True. US citizens are subject to tax on all income, whether its generated
in the US or foreign countries. Yes/True. The US allows taxpayers meeting certain criteria to
annually exclude an annual amount of foreign earned income.
2
ANSWERS|LATEST
UPDATE!!!!2025/2026|GUARANTEED PASS|GRADED
Taxpayer A and Taxpayer B met in early December through an online app and decided to get
married on December 31, 2021.What is an acceptable filing status? -
ANSWER Yes/True. Married Filing Jointly Yes/True. Married Filing Separately
A taxpayer needs assistance in determining their residency status for the current year The
taxpayer is not a U.S. citizen but is treated as a resident alien for tax purposes. Is this
statement true? - ANSWER Yes/True. Since the taxpayer met the substantial presence
test, they would be considered a resident for the current year. Yes/True. Since the taxpayer
met the green card test, they would be considered a resident for the current year.
Josephine is a Canadian citizen and resident. She is not a US citizen, but was physically
present in the USA for 170 days in the current year. She was in the USA for 30 days and 60
days in each of the previous two years. Will Josephine be considered a citizen or resident of
the USA when applying the substantial presence test in the current year? -
ANSWER Yes/True. She will qualify as she meets the substantial presence test with 190
days when applying the formula.
Is this a test that individual must satisfy to be considered a qualifying child of a taxpayer? -
ANSWER Yes/True. Relationship test Yes/True. Support test
In the following scenario, is Form 1040 required to be filed for 2022? -
ANSWER Yes/True. Taxpayer is single, has income of $6,000 and $300 of federal
income taxes withheld. They want to claim the refund.
Yes/True. Taxpayer is married filing jointly. Taxpayer has $80,000 in earned income and
spouse has net profits of $40,000 from their sole proprietorship.
1
, Is the following statement correct about Form W-2? - ANSWER Yes/True. Box 1
provides the total of how much you were paid in wages, tips, and other compensation.
Is the following statement correct when calculating the individual federal income tax
formula? - ANSWER Yes/True. Taxpayers subtract Above Line Deductions from Gross
Income to determine Adjusted Gross Income. Yes/True. Taxpayers subtract Qualified
Business Income from Adjusted Gross Income to determine Taxable Income.
Taxpayer A is a student athlete in high school. They are being recruited by colleges to play
soccer at a Division I school and are popular on several social media platforms. Taxpayer A
provides social media advertisements for several businesses in the local area. Below is
additional information for their current year. *Taken as a dependent on their parent's tax
return
*Earned income of $7,500 for social media advertisements for local car dealership,
restaurant, auto body shop and hair salon
*Has $1,000 of business expenses related to the social media advertisements
Is the following true about this scenario? - ANSWER Yes/True. The taxpayer will need
to file Schedule C in their tax return. Yes/True. The taxpayer will have to pay self-
employment tax.
You are a 30 year old engineer working full-time. For the tax year 2022, you received the
following: *$35,000 Salary on W-2 *$500 Dividend Income *$200 Tax Exempt Interest
Income *$1,000 Municipal Bond Interest Income *Paid $7,000 in Real Estate Taxes *Paid
$2,500 for Home Mortgage Interest *Paid $1,000 in charitable contributions
*Paid $2,500 in medical expenses - ANSWER Yes/True. Your taxable income is $23,500.
Is the following statement true with regard to a taxpayer's foreign income? -
ANSWER Yes/True. US citizens are subject to tax on all income, whether its generated
in the US or foreign countries. Yes/True. The US allows taxpayers meeting certain criteria to
annually exclude an annual amount of foreign earned income.
2
