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H&R BLOCK INCOME TAX COURSE EXAM ACTUAL
QUESTIONS AND ANSWERS - LATEST AND COMPLETE
UPDATE WITH VERIFIED SOLUTIONS – ASSURED PASS
WITH INSTANT DOWNLOAD PDF.
1. Interest on state and local bonds included in gross income? - ANSWER: No
2. Compensation for personal injuries included in gross income? - ANSWER:
No
3. Qualified clergy housing allowances included in gross income? -
ANSWER: No
4. Federal income tax refunds included in gross income? - ANSWER: No
5. Qualified scholarships and fellowships included in gross income? -
ANSWER: No
6. Meals or lodging furnished for the convenience of the employer included in
gross income? - ANSWER: No
7. Certain foster care payments included in gross income? - ANSWER: No
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8. Disaster relief payments included in gross income? - ANSWER: No
9. Certain income from the discharge of indebtedness included in gross
income? - ANSWER: No
10. Statements - ANSWER: Attached to the return to explain various types of
income, deductions, and credits reported either on a schedule or directly on forms
1040EZ, 1040A, 1040, 1040NR, or 1040PR.
11. Worksheets - ANSWER: Not sent to the IRS with the return, but are useful
in compiling information and are kept with the taxpayer's copy of the return.
12. Form W-2 - ANSWER: Wage and Tax Statement
13. Form 4852 - ANSWER: Substitute W-2
14. W-2 Box 12 Code A - ANSWER: Uncollected social security tax or railroad
retirement tax on tips.
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15. W-2 Box 12 Code B - ANSWER: Uncollected medicare tax on tips.
16. W-2 Box 12 Code C - ANSWER: The cost of group-term life insurance
coverage in excess of $50,000. This amount has been included in boxes 1, 3, and 5
as taxable income.
17. W-2 Box 12 Code D - ANSWER: 401(k) contributions.
18. W-2 Box 12 Code E - ANSWER: 403(b) (tax-sheltered annuity)
contributions.
19. W-2 Box 12 Code F - ANSWER: 408(k)(6) SEP contributions.
20. W-2 Box 12 Code G - ANSWER: 457(b) contributions (a type of plan used
by government employees.
21. W-2 Box 12 Code H - ANSWER: 501(c)(18)(D) contributions.
22. W-2 Box 12 Code J - ANSWER: The amount of a sick pay not includible in
income because the employee contributed to a sick pay plan.
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H&R BLOCK INCOME TAX COURSE EXAM ACTUAL
QUESTIONS AND ANSWERS - LATEST AND COMPLETE
UPDATE WITH VERIFIED SOLUTIONS – ASSURED PASS
WITH INSTANT DOWNLOAD PDF.
1. Interest on state and local bonds included in gross income? - ANSWER: No
2. Compensation for personal injuries included in gross income? - ANSWER:
No
3. Qualified clergy housing allowances included in gross income? -
ANSWER: No
4. Federal income tax refunds included in gross income? - ANSWER: No
5. Qualified scholarships and fellowships included in gross income? -
ANSWER: No
6. Meals or lodging furnished for the convenience of the employer included in
gross income? - ANSWER: No
7. Certain foster care payments included in gross income? - ANSWER: No
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8. Disaster relief payments included in gross income? - ANSWER: No
9. Certain income from the discharge of indebtedness included in gross
income? - ANSWER: No
10. Statements - ANSWER: Attached to the return to explain various types of
income, deductions, and credits reported either on a schedule or directly on forms
1040EZ, 1040A, 1040, 1040NR, or 1040PR.
11. Worksheets - ANSWER: Not sent to the IRS with the return, but are useful
in compiling information and are kept with the taxpayer's copy of the return.
12. Form W-2 - ANSWER: Wage and Tax Statement
13. Form 4852 - ANSWER: Substitute W-2
14. W-2 Box 12 Code A - ANSWER: Uncollected social security tax or railroad
retirement tax on tips.
, 4|Page
15. W-2 Box 12 Code B - ANSWER: Uncollected medicare tax on tips.
16. W-2 Box 12 Code C - ANSWER: The cost of group-term life insurance
coverage in excess of $50,000. This amount has been included in boxes 1, 3, and 5
as taxable income.
17. W-2 Box 12 Code D - ANSWER: 401(k) contributions.
18. W-2 Box 12 Code E - ANSWER: 403(b) (tax-sheltered annuity)
contributions.
19. W-2 Box 12 Code F - ANSWER: 408(k)(6) SEP contributions.
20. W-2 Box 12 Code G - ANSWER: 457(b) contributions (a type of plan used
by government employees.
21. W-2 Box 12 Code H - ANSWER: 501(c)(18)(D) contributions.
22. W-2 Box 12 Code J - ANSWER: The amount of a sick pay not includible in
income because the employee contributed to a sick pay plan.
