VITA Basic Exam | Questions with 100% Correct Answers | Verified | Updated 2024

VITA Basic Exam | Questions with 100% Correct Answers | Verified | Updated 2024 What is the most advantageous filing status allowable that Joe can claim on his taxreturn for 2021? - Answer ️️ -Head of Household Joe can claim a higher standard deduction because he is blind. - Answer ️️ -True Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too young and have no qualifying children. - Answer ️️ -false Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 taxreturn. - Answer ️️ -false Which of the Reynolds children qualifies for the child tax credit (CTC)? - Answer ️️ -Laura and Timothy Archie and Tina will not itemize deductions but can deduct the full amount of theircharitable contribution. - Answer ️️ -false The Brooks qualify for the Credit for Other Dependents. - Answer ️️ -True The Brooks qualify for the Earned Income Tax Credit. - Answer ️️ -false Alan cannot claim the Earned Income Tax Credit because his age is more than theage limit. - Answer ️️ -False . Alan must take a required minimum distribution in 2021. - Answer ️️ -false Bobbie can exclude his unemployment compensation on his 2021 tax return. - Answer ️️ - False Bobbie is eligible for the following credit: - Answer ️️ -American Opportunity Credi