H&R Block Midterm Review Questions With Correct Answers.

H&R /




Block
/ /




Midterm Review Questions With Correct Answers
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Which /
/of /


/the /


/following /


/is //considered //earned //income? //C //- //CORRECT //ANSWERS(S)✔✔a) //Interest //from //a //bank



b) //Unemployment //compensation

c) //Income //from //farming

d) //Gambling //winnings



The /
/tax /


/on /


/income /


/that /


/comes /


/entirely /


/from /


/wages /


/under /


/$100,000 //is //determined //according //to //the: //A //- //CORRECT //ANSWERS(S)✔✔a) //Tax //Tables



b) //Tax //Computation //Worksheet

c) //Qualified //Dividends //and //Capital //Gain //Tax //Worksheet

d) //Schedule //D //Tax //Worksheet



Which /
/of /

, /the /
/following /


/shows /


/these /


/numbers /


/rounded /


/correctly: /


/$31.43, /


/$143.57, //$369.22, //$1,547.88. //B //- //CORRECT //ANSWERS(S)✔✔a) //$32. //$142. //$368. //$1,547.



b) //$31. //$144. //$369. //$1,548.

c) //$31. //$142. //$369. //$1,547.

d) //$32. //$144. //$368. //$1,547.



Which /
/form /


/is /


/used /


/by /


/employers //to //report //wages //earned //by //their //employees? //A //- //CORRECT //ANSWERS(S)✔✔a)


//Form //W-2



b) //Form //W-4

c) //Form //1040

d) //Form //1040A



What //is //the //exemption //amount //for //2017? //B //- //CORRECT //ANSWERS(S)✔✔a) //$3,850

b) //$4,050

c) //$5,050

d) //$6,050



The /
/following /