MARYLAND INDIVIDUAL TAX PREPARERS EXAM(FEDERAL
ONLY) EXAM QUESTIONS AND ANSWERS
Filing Status - Married Filing Jointly - CORRECT ANSWER✅✅Taxpayers who are married on Dec. 31 and
choose to file together.
Filing Status - Head of Household - CORRECT ANSWER✅✅Unmarried taxpayer, pays >50% household
cost, and has a qualifying person.
Qualifying Child - CORRECT ANSWER✅✅Tests Relationship, Age, Residency, Support, Joint Return.
Qualifying Relative - CORRECT ANSWER✅✅Tests Not a QC, Gross income test, Support test,
Relationship/Not member of household.
Standard Deduction - CORRECT ANSWER✅✅Fixed amount based on filing status; increases for age 65+
or blind.
Itemized Deductions - CORRECT ANSWER✅✅Schedule A: medical >7.5%, taxes, interest, charity,
casualty/theft.
AGI (Adjusted Gross Income) - CORRECT ANSWER✅✅Income minus adjustments; starting point for tax.
Taxable Income - CORRECT ANSWER✅✅AGI - standard/itemized deductions - QBI (if any).
Earned Income Credit (EIC) - CORRECT ANSWER✅✅Credit for low/moderate earners; requires earned
income & due diligence.
Child Tax Credit - CORRECT ANSWER✅✅$2,000 per qualifying child under 17; phase-out at high income.
AOTC (American Opportunity Tax Credit) - CORRECT ANSWER✅✅Up to $2,500 for first 4 years of
postsecondary education.
ONLY) EXAM QUESTIONS AND ANSWERS
Filing Status - Married Filing Jointly - CORRECT ANSWER✅✅Taxpayers who are married on Dec. 31 and
choose to file together.
Filing Status - Head of Household - CORRECT ANSWER✅✅Unmarried taxpayer, pays >50% household
cost, and has a qualifying person.
Qualifying Child - CORRECT ANSWER✅✅Tests Relationship, Age, Residency, Support, Joint Return.
Qualifying Relative - CORRECT ANSWER✅✅Tests Not a QC, Gross income test, Support test,
Relationship/Not member of household.
Standard Deduction - CORRECT ANSWER✅✅Fixed amount based on filing status; increases for age 65+
or blind.
Itemized Deductions - CORRECT ANSWER✅✅Schedule A: medical >7.5%, taxes, interest, charity,
casualty/theft.
AGI (Adjusted Gross Income) - CORRECT ANSWER✅✅Income minus adjustments; starting point for tax.
Taxable Income - CORRECT ANSWER✅✅AGI - standard/itemized deductions - QBI (if any).
Earned Income Credit (EIC) - CORRECT ANSWER✅✅Credit for low/moderate earners; requires earned
income & due diligence.
Child Tax Credit - CORRECT ANSWER✅✅$2,000 per qualifying child under 17; phase-out at high income.
AOTC (American Opportunity Tax Credit) - CORRECT ANSWER✅✅Up to $2,500 for first 4 years of
postsecondary education.
