Intuit Academy Tax Level 1 (Latest
2026/2027 Update) 350 Questions &
Answers | Grade A | 100% Correct
This Intuit Academy Tax Level 1 exam is an, open-book Practice test
covering foundational federal income tax concepts for individuals,
such as filing statuses, dependents, income reporting (W-2, 1099),
and common deductions/credits. It features scenario-based, multiple-
choice questions (yes/no)
Exam and Practice Description:
Format: The exam consists of discrete, scenario-based multiple-choice
questions designed to test practical application of tax rules.
Content Covered:
Filing Basics: Identifying filing statuses (Single, MFJ, MFS, HOH,
Qualifying Widow) and dependency rules.
Income & Forms: Interpreting W-2s, 1099s (Interest, Dividends,
Retirement), and reporting income.
Deductions & Credits: Calculating Standard/Itemized deductions,
Qualified Business Income (QBI), and common tax credits.
Tax Formula: Understanding the flow from Gross Income to Adjusted
Gross Income (AGI) to Taxable Income.
Practice Opportunity: A practice test is available in the Intuit Academy
to familiarize users with the format.
Results: Immediate results are provided, including a score report
detailing performance for preparation if a second attempt is needed.
Outcome: Passing grants an Intuit Academy badge, enhancing job
competitiveness for roles at Intuit.
1
, Quiz_________________?
Below the line deductions include -
Answer☑️
Standard deduction
Quiz_________________?
Eligible educators can deduct up to _______ of qualified
expenses paid during the tax year. -
Answer☑️
$250
Quiz_________________?
Which of the following is an ineligible medical expense for HSA,
Archer MSA, and MA MSA? -
Answer☑️
Breast enhancement
Quiz_________________?
The net capital gain is taxed at _______ if the married filing jointly
taxpayer income is less than $80,800. -
Answer☑️
0%
Quiz_________________?
To claim a child as a dependent, they must meet the qualifying
child test or ________________. -
Answer☑️
qualifying relative test
2
, Quiz_________________?
Ordinary dividends are taxed at the same rate as __________
income tax rate. -
Answer☑️
ordinary
Quiz_________________?
Distributions from HSA, Archer MSA, or MS MSA are non-taxable
when _________________________________________. -
Answer☑️
spent for qualified medical expenses of your dependent
Quiz_________________?
Which residency status is used when an individual is neither a
U.S. citizen nor a resident alien for tax purposes? -
Answer☑️
Non-resident alien
Quiz_________________?
_____________ and ____________ are what taxpayers must
know to calculate their tax amount. -
Answer☑️
Taxable income and filing status
Quiz_________________?
For mortgages entered into after December 15, 2017, the amount
of interest the taxpayer can deduct is no more than
______________ of the debt used to buy, build, or substantially
improve their principal home and a second home. -
3
, Answer☑️
750,000
Quiz_________________?
__________ reduce the amount of tax due. -
Answer☑️
Tax credits
Quiz_________________?
Which form is for beneficiaries who get income from trusts and
estates? -
Answer☑️
Form 1041
Quiz_________________?
___________________ consists of both earned and unearned
income that is used to calculate the tax. It is generally less than
adjusted gross income due to the deductions. -
Answer☑️
Taxable income
Quiz_________________?
To satisfy the Substantial Presence Test, how many minimum
days (in the current year) must you be physically present in the
United States? -
Answer☑️
31
Quiz_________________?
4
2026/2027 Update) 350 Questions &
Answers | Grade A | 100% Correct
This Intuit Academy Tax Level 1 exam is an, open-book Practice test
covering foundational federal income tax concepts for individuals,
such as filing statuses, dependents, income reporting (W-2, 1099),
and common deductions/credits. It features scenario-based, multiple-
choice questions (yes/no)
Exam and Practice Description:
Format: The exam consists of discrete, scenario-based multiple-choice
questions designed to test practical application of tax rules.
Content Covered:
Filing Basics: Identifying filing statuses (Single, MFJ, MFS, HOH,
Qualifying Widow) and dependency rules.
Income & Forms: Interpreting W-2s, 1099s (Interest, Dividends,
Retirement), and reporting income.
Deductions & Credits: Calculating Standard/Itemized deductions,
Qualified Business Income (QBI), and common tax credits.
Tax Formula: Understanding the flow from Gross Income to Adjusted
Gross Income (AGI) to Taxable Income.
Practice Opportunity: A practice test is available in the Intuit Academy
to familiarize users with the format.
Results: Immediate results are provided, including a score report
detailing performance for preparation if a second attempt is needed.
Outcome: Passing grants an Intuit Academy badge, enhancing job
competitiveness for roles at Intuit.
1
, Quiz_________________?
Below the line deductions include -
Answer☑️
Standard deduction
Quiz_________________?
Eligible educators can deduct up to _______ of qualified
expenses paid during the tax year. -
Answer☑️
$250
Quiz_________________?
Which of the following is an ineligible medical expense for HSA,
Archer MSA, and MA MSA? -
Answer☑️
Breast enhancement
Quiz_________________?
The net capital gain is taxed at _______ if the married filing jointly
taxpayer income is less than $80,800. -
Answer☑️
0%
Quiz_________________?
To claim a child as a dependent, they must meet the qualifying
child test or ________________. -
Answer☑️
qualifying relative test
2
, Quiz_________________?
Ordinary dividends are taxed at the same rate as __________
income tax rate. -
Answer☑️
ordinary
Quiz_________________?
Distributions from HSA, Archer MSA, or MS MSA are non-taxable
when _________________________________________. -
Answer☑️
spent for qualified medical expenses of your dependent
Quiz_________________?
Which residency status is used when an individual is neither a
U.S. citizen nor a resident alien for tax purposes? -
Answer☑️
Non-resident alien
Quiz_________________?
_____________ and ____________ are what taxpayers must
know to calculate their tax amount. -
Answer☑️
Taxable income and filing status
Quiz_________________?
For mortgages entered into after December 15, 2017, the amount
of interest the taxpayer can deduct is no more than
______________ of the debt used to buy, build, or substantially
improve their principal home and a second home. -
3
, Answer☑️
750,000
Quiz_________________?
__________ reduce the amount of tax due. -
Answer☑️
Tax credits
Quiz_________________?
Which form is for beneficiaries who get income from trusts and
estates? -
Answer☑️
Form 1041
Quiz_________________?
___________________ consists of both earned and unearned
income that is used to calculate the tax. It is generally less than
adjusted gross income due to the deductions. -
Answer☑️
Taxable income
Quiz_________________?
To satisfy the Substantial Presence Test, how many minimum
days (in the current year) must you be physically present in the
United States? -
Answer☑️
31
Quiz_________________?
4
