H&R Block Specialist Test EXAM
QUESTIONS AND VERIFIED ANSWERS
Sam pays his 19 yr. old son, Joshua, $550/month to maintain the lawn &
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garden at the family residence. Sam is subject to what household
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employment tax rules for Joshua? - CORRECT ANSWER✔✔-A. Since| | | | | | | | |
Joshua is not performing any child case services, the household tax rules
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do not apply.
| | |
B. Since Joshua is the taxpayer's child under age 21, the household
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employment tax rules do not apply. | | | | |
C. Since no evidence is given that Joshua is a student, he is considered
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to be Sam's household employee.
| | | |
D. Since Joshua's wages are over $2,100 for the yr., Sam is subject to the
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household employment tax rules for Joshua.
| | | | | |
Answer: B |
A taxpayer should include which of the following when figuring their
| | | | | | | | | | |
federal gross income? - CORRECT ANSWER✔✔-A. Prior-year federal
| | | | | | | |
income tax refund. | |
B. Ordinary dividends.
| |
C. Personal injury compensation.
| | |
D. Qualified disaster relief payments.
| | | |
,Answer: B |
A taxpayer is required to file Schedule 1 (Form 1040) when claiming
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which of the following? - CORRECT ANSWER✔✔-A. Retirement savings
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contributions credit. |
B. Health savings account deduction
| | | |
C. Education credit
| |
D. Excess advance premium tax credit repayment
| | | | | |
Answer: B |
In 2018, the excise tax for excess contributions to a health savings
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account is _____________. - CORRECT ANSWER✔✔-A. 0%
| | | | | |
B. 6%|
C. 10%
|
D. 20%
|
Answer: B |
In 2018, the additional excise tax for non-qualified distributions from a
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health savings account is ____________. - CORRECT ANSWER✔✔-A. 0%
| | | | | | | |
B. 6%|
C. 10%
|
D. 20%
|
, Answer: D |
Cynthia works full-time as a teacher's aide at an elementary school. In
| | | | | | | | | | | |
2018, she paid $250 to participate in a professional development
| | | | | | | | | |
course, hoping to upgrade her job skills. Since she was no reimbursed
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for this expense, she would like to claim the educator expense
| | | | | | | | | | |
deduction. As Cynthia's Tax Pro, what advice would you offer her? -
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CORRECT ANSWER✔✔-A. She may not claim the deduction b/c she is
| | | | | | | | | | |
not considered an eligible educator.
| | | |
B. Since she spent the $250 on professional development rather than
| | | | | | | | | | |
classroom supplies, she is not eligible for this deduction.
| | | | | | | |
C. She may claim the deduction since she is an eligible educator and the
| | | | | | | | | | | | | |
professional development course is a qualified expense. | | | | | |
D. Since employee business expenses are no longer deductible on SCH
| | | | | | | | | | |
A, she may not claim a deduction for the cost of the professional
| | | | | | | | | | | | |
development course. |
Answer: C |
Major Winters, a member of the Army Reserve, traveled to a location
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250 miles from his home to perform his work in the reserve in June
| | | | | | | | | | | | | |
2018. His unreimbursed expenses consisted of $195 for lodging and
| | | | | | | | | |
$268 for mileage. In addition, he incurred mileage expenses of $235
| | | | | | | | | | |
throughout the yr. for trips to a location 20 miles from his home. How
| | | | | | | | | | | | | |
much is Major Winters eligible to deduct on SCH 1 (Form 1040), line 24,
| | | | | | | | | | | | | |
as an above-the-line adjustment? - CORRECT ANSWER✔✔-A. $0
| | | | | | |
QUESTIONS AND VERIFIED ANSWERS
Sam pays his 19 yr. old son, Joshua, $550/month to maintain the lawn &
| | | | | | | | | | | | | |
garden at the family residence. Sam is subject to what household
| | | | | | | | | | |
employment tax rules for Joshua? - CORRECT ANSWER✔✔-A. Since| | | | | | | | |
Joshua is not performing any child case services, the household tax rules
| | | | | | | | | | |
do not apply.
| | |
B. Since Joshua is the taxpayer's child under age 21, the household
| | | | | | | | | | | |
employment tax rules do not apply. | | | | |
C. Since no evidence is given that Joshua is a student, he is considered
| | | | | | | | | | | | | |
to be Sam's household employee.
| | | |
D. Since Joshua's wages are over $2,100 for the yr., Sam is subject to the
| | | | | | | | | | | | | |
household employment tax rules for Joshua.
| | | | | |
Answer: B |
A taxpayer should include which of the following when figuring their
| | | | | | | | | | |
federal gross income? - CORRECT ANSWER✔✔-A. Prior-year federal
| | | | | | | |
income tax refund. | |
B. Ordinary dividends.
| |
C. Personal injury compensation.
| | |
D. Qualified disaster relief payments.
| | | |
,Answer: B |
A taxpayer is required to file Schedule 1 (Form 1040) when claiming
| | | | | | | | | | | |
which of the following? - CORRECT ANSWER✔✔-A. Retirement savings
| | | | | | | | |
contributions credit. |
B. Health savings account deduction
| | | |
C. Education credit
| |
D. Excess advance premium tax credit repayment
| | | | | |
Answer: B |
In 2018, the excise tax for excess contributions to a health savings
| | | | | | | | | | | |
account is _____________. - CORRECT ANSWER✔✔-A. 0%
| | | | | |
B. 6%|
C. 10%
|
D. 20%
|
Answer: B |
In 2018, the additional excise tax for non-qualified distributions from a
| | | | | | | | | | |
health savings account is ____________. - CORRECT ANSWER✔✔-A. 0%
| | | | | | | |
B. 6%|
C. 10%
|
D. 20%
|
, Answer: D |
Cynthia works full-time as a teacher's aide at an elementary school. In
| | | | | | | | | | | |
2018, she paid $250 to participate in a professional development
| | | | | | | | | |
course, hoping to upgrade her job skills. Since she was no reimbursed
| | | | | | | | | | | |
for this expense, she would like to claim the educator expense
| | | | | | | | | | |
deduction. As Cynthia's Tax Pro, what advice would you offer her? -
| | | | | | | | | | | |
CORRECT ANSWER✔✔-A. She may not claim the deduction b/c she is
| | | | | | | | | | |
not considered an eligible educator.
| | | |
B. Since she spent the $250 on professional development rather than
| | | | | | | | | | |
classroom supplies, she is not eligible for this deduction.
| | | | | | | |
C. She may claim the deduction since she is an eligible educator and the
| | | | | | | | | | | | | |
professional development course is a qualified expense. | | | | | |
D. Since employee business expenses are no longer deductible on SCH
| | | | | | | | | | |
A, she may not claim a deduction for the cost of the professional
| | | | | | | | | | | | |
development course. |
Answer: C |
Major Winters, a member of the Army Reserve, traveled to a location
| | | | | | | | | | | |
250 miles from his home to perform his work in the reserve in June
| | | | | | | | | | | | | |
2018. His unreimbursed expenses consisted of $195 for lodging and
| | | | | | | | | |
$268 for mileage. In addition, he incurred mileage expenses of $235
| | | | | | | | | | |
throughout the yr. for trips to a location 20 miles from his home. How
| | | | | | | | | | | | | |
much is Major Winters eligible to deduct on SCH 1 (Form 1040), line 24,
| | | | | | | | | | | | | |
as an above-the-line adjustment? - CORRECT ANSWER✔✔-A. $0
| | | | | | |
