H&R Block Virtual Income Tax Course
Chapters 1-6 Review10
Chap. 1: Which of the following is earned income?
A. Dividends.
B. Graduation gift from parents.
C. self-employed business income.
D. Social Security payments. - ANSWERS-C. self-employed business income.
Chap. 1: After a return is completed, what are the methods used to submit your return to the
IRS? Choose all that apply.
A. E-file.
B. Email.
C. U.S. Mail.
D. Fax - ANSWERS-A. E-file.
C. U.S. Mail.
Chap. 1: The Tax Table is used by taxpayers whose taxable income are less than $100000. -
ANSWERS-A. True
B. False
, Chap. 1: Using Form 1040, U.S. Individual Income Tax Return, arrange the list in order from top
to bottom as they appear on the form. - ANSWERS-- Filing Status
- Spouse's social security number.
- Home address (number and street).
- State
Chap. 1: Larry (37) has a savings account at a local bank. He earned $157 in interest in 2022. He
can expect to receive Form _______________ from the bank to file his 2022 tax return. -
ANSWERS-1099-INT
Chap. 1: When filing a tax return for a deceased taxpayer, the surviving spouse will need to file
Form 1310, a Statement of Person Claiming a Refund Due to a Deceased Taxpayer, to claim a
refund. - ANSWERS-False
Chap. 1: Which of the following statements is correct about interest?
A. Total interest of more than $1,500 from all sources must be reported on Schedule B.
B. Credit Unions often call interest on deposits "dividends."
C. The amount of a penalty on early withdrawal of savings may be more than the total amount
of interest income received by the taxpayer.
D. U.S. Savings Bond & other Treasury obligation interest is taxable on the federal return and all
state returns.
E. Taxpayers will receiv - ANSWERS-A. Total interest of more than $1,500 from all sources must
be reported on Schedule B.
Chapters 1-6 Review10
Chap. 1: Which of the following is earned income?
A. Dividends.
B. Graduation gift from parents.
C. self-employed business income.
D. Social Security payments. - ANSWERS-C. self-employed business income.
Chap. 1: After a return is completed, what are the methods used to submit your return to the
IRS? Choose all that apply.
A. E-file.
B. Email.
C. U.S. Mail.
D. Fax - ANSWERS-A. E-file.
C. U.S. Mail.
Chap. 1: The Tax Table is used by taxpayers whose taxable income are less than $100000. -
ANSWERS-A. True
B. False
, Chap. 1: Using Form 1040, U.S. Individual Income Tax Return, arrange the list in order from top
to bottom as they appear on the form. - ANSWERS-- Filing Status
- Spouse's social security number.
- Home address (number and street).
- State
Chap. 1: Larry (37) has a savings account at a local bank. He earned $157 in interest in 2022. He
can expect to receive Form _______________ from the bank to file his 2022 tax return. -
ANSWERS-1099-INT
Chap. 1: When filing a tax return for a deceased taxpayer, the surviving spouse will need to file
Form 1310, a Statement of Person Claiming a Refund Due to a Deceased Taxpayer, to claim a
refund. - ANSWERS-False
Chap. 1: Which of the following statements is correct about interest?
A. Total interest of more than $1,500 from all sources must be reported on Schedule B.
B. Credit Unions often call interest on deposits "dividends."
C. The amount of a penalty on early withdrawal of savings may be more than the total amount
of interest income received by the taxpayer.
D. U.S. Savings Bond & other Treasury obligation interest is taxable on the federal return and all
state returns.
E. Taxpayers will receiv - ANSWERS-A. Total interest of more than $1,500 from all sources must
be reported on Schedule B.
