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H&R BLOCK INCOME TAX SPECIALIST EXAM QUESTIONS
AND CORRECT ANSWERS | LATEST UPDATE 2026/2027 | 100%
GUARANTEED PASS | GRADED A+.
Which statement accurately describes the Affordable Care Act (ACA) Individual
Shared Responsibility penalty for 2018? - correct answer - A. It is the greater of
either: 2.5% of household income less the taxpayer's filing threshold or
$695/individual family member ($347.50/child under age 18) without coverage up
to $2,085. OR. Capped overall by the national average bronze premium.
B. It is the greater of either: 2% of household income less the taxpayer's filing
threshold or $325/individual family member ($162.50/child under age 18) without
coverage up to $975. OR. Capped overall by the national average bronze premium.
C. It is the lesser of either: 2.5% of household income less the taxpayer's filing
threshold or $695/individual family member ($347.50/child under age 18) without
coverage up to $2,085. OR. Capped overall by the national average bronze
premium
D. It is the lesser of either: 2% of household income less the taxpayer's filing
threshold or $325/individual family member ($162.50/child under age 18) without
coverage up to $975. OR. Capped overall by the national average bronze premium.
Answer: A
Which of the following taxpayers is required to file SCH B, Interest and Ordinary
Dividends, with their return? All income is U.S.-source income, and all the
taxpayers are single U.S. citizens who may not be claimed as a dependent on
anyone else's return. - correct answer - A. John, who earned $400 in ordinary and
qualified dividends from a mutual fund investment.
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B. Karen, who earned $700 in tax-exempt interest and $950 in ordinary dividends
from a stock investment
C. Mitch, who earned $800 in tax-exempt interest and $900 of interest from a U.S.
Treasury bond
D. Robin, who earned $1,550 in corporate bond interest
Answer: D
(Read this scenario and choose the option that accurately describes the tax
household) Lisa (28) is not married. She has 2 children, John (2) and Katelyn (6),
who live with her. She has wages of $28,000. Lisa lives with her mother, Berta
(55), in the house that Berta owns. Berta has wage income of $32,000 and provides
100% of her own support. Lisa'a brother, Leo (21), also lives in the house. Leo has
wage income of $22,000 and provides 100% of his own support. - correct answer -
A. Lisa, John, Katelyn, Berta, and Leo from one tax household
B. Lisa, John, and Katelyn from one tax household. Berta and Leo form a second
tax household
C. Lisa, John, and Katelyn form one tax household. Berta forms her own tax
household. Leo forms his own tax household.
D. Lisa and John form one tax household. Berta, Leo, and Katelyn form a second
tax household.
Answer: C
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H&R BLOCK INCOME TAX SPECIALIST EXAM QUESTIONS
AND CORRECT ANSWERS | LATEST UPDATE 2026/2027 | 100%
GUARANTEED PASS | GRADED A+.
Which statement accurately describes the Affordable Care Act (ACA) Individual
Shared Responsibility penalty for 2018? - correct answer - A. It is the greater of
either: 2.5% of household income less the taxpayer's filing threshold or
$695/individual family member ($347.50/child under age 18) without coverage up
to $2,085. OR. Capped overall by the national average bronze premium.
B. It is the greater of either: 2% of household income less the taxpayer's filing
threshold or $325/individual family member ($162.50/child under age 18) without
coverage up to $975. OR. Capped overall by the national average bronze premium.
C. It is the lesser of either: 2.5% of household income less the taxpayer's filing
threshold or $695/individual family member ($347.50/child under age 18) without
coverage up to $2,085. OR. Capped overall by the national average bronze
premium
D. It is the lesser of either: 2% of household income less the taxpayer's filing
threshold or $325/individual family member ($162.50/child under age 18) without
coverage up to $975. OR. Capped overall by the national average bronze premium.
Answer: A
Which of the following taxpayers is required to file SCH B, Interest and Ordinary
Dividends, with their return? All income is U.S.-source income, and all the
taxpayers are single U.S. citizens who may not be claimed as a dependent on
anyone else's return. - correct answer - A. John, who earned $400 in ordinary and
qualified dividends from a mutual fund investment.
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B. Karen, who earned $700 in tax-exempt interest and $950 in ordinary dividends
from a stock investment
C. Mitch, who earned $800 in tax-exempt interest and $900 of interest from a U.S.
Treasury bond
D. Robin, who earned $1,550 in corporate bond interest
Answer: D
(Read this scenario and choose the option that accurately describes the tax
household) Lisa (28) is not married. She has 2 children, John (2) and Katelyn (6),
who live with her. She has wages of $28,000. Lisa lives with her mother, Berta
(55), in the house that Berta owns. Berta has wage income of $32,000 and provides
100% of her own support. Lisa'a brother, Leo (21), also lives in the house. Leo has
wage income of $22,000 and provides 100% of his own support. - correct answer -
A. Lisa, John, Katelyn, Berta, and Leo from one tax household
B. Lisa, John, and Katelyn from one tax household. Berta and Leo form a second
tax household
C. Lisa, John, and Katelyn form one tax household. Berta forms her own tax
household. Leo forms his own tax household.
D. Lisa and John form one tax household. Berta, Leo, and Katelyn form a second
tax household.
Answer: C
, Page|3
Thank you for Purchasing this exam
Study Guide. We provide high-quality
academic materials to help students excel
in exams. Our other Services include but
not limited to: academic research,
University & College assignments writing,
essay writing, Online Classes, and
research projects. Our services are
reliable, affordable, and plagiarism-free.
All the Best in your Exam. For more
information; Contact us at:
or
0R +254
741484450
