H&R Block Midterm Review Questions
And Answers With Verified Solutions
Already Passed Rated A+
Which of the following is considered earned income?
Answer: c) Income from farming
The tax on income that comes entirely from wages under $100,000 is
determined according to the:
Answer: a) Tax Tables
Which of the following shows these numbers rounded correctly: $31.43,
$143.57, $369.22, $1,547.88?
Answer: b) $31. $144. $369. $1,548.
Which form is used by employers to report wages earned by their employees?
Answer: a) Form W-2
What is the exemption amount for 2017?
Answer: b) $4,050
The following three factors determine the filing requirement for
nondependents:
Answer: b) Marital status, age, and gross income
The standard deduction on an income tax return is determined by:
Answer: c) Filing status
The head of household filing status requires that a taxpayer maintain a
household for:
Answer: a) A qualifying child, qualifying relative, or a parent whom the
taxpayer is allowed to claim as an exemption on their tax return
For tax purposes, when is a person's marital status determined?
Answer: d) On the last day of the tax year.
And Answers With Verified Solutions
Already Passed Rated A+
Which of the following is considered earned income?
Answer: c) Income from farming
The tax on income that comes entirely from wages under $100,000 is
determined according to the:
Answer: a) Tax Tables
Which of the following shows these numbers rounded correctly: $31.43,
$143.57, $369.22, $1,547.88?
Answer: b) $31. $144. $369. $1,548.
Which form is used by employers to report wages earned by their employees?
Answer: a) Form W-2
What is the exemption amount for 2017?
Answer: b) $4,050
The following three factors determine the filing requirement for
nondependents:
Answer: b) Marital status, age, and gross income
The standard deduction on an income tax return is determined by:
Answer: c) Filing status
The head of household filing status requires that a taxpayer maintain a
household for:
Answer: a) A qualifying child, qualifying relative, or a parent whom the
taxpayer is allowed to claim as an exemption on their tax return
For tax purposes, when is a person's marital status determined?
Answer: d) On the last day of the tax year.
