VERIFIED ANSWERS |LATEST 2026/2027 UPDATE|GRADED
A+
Question 1
1. What is the most beneficial filing status that Karen is eligible to claim on her 2021 tax
return?
CORRECT ANSWER
Head of Household
Question 2
2. Karen's Economic Impact Payment (EIP3) must be included in her total income.
CORRECT ANSWER
False
Question 3
3. What amount may Karen deduct as a charitable contribution when filing her 2021
tax return?
CORRECT ANSWER
$300
Question 4
4. What is the maximum amount Paul and Maggie are eligible to claim for the child tax
credit?
1
@THE STUDY VAULT
, CORRECT ANSWER
$6,600
Question 5
5. How much of the child care expenses can be used to claim the child and dependent
care credit?
CORRECT ANSWER
$3,500
Question 6
6. Form 8889, Part 1 is used to report HSA contributions made by _______________.
CORRECT ANSWER
All the above
Question 7
7. Carol is eligible to contribute an additional $________ to her HSA because she is age 55
or older.
CORRECT ANSWER
1000
Question 8
8. What is the total unreimbursed qualified medical expenses reported on Form 8889,
Part II?
2
@THE STUDY VAULT
A+
Question 1
1. What is the most beneficial filing status that Karen is eligible to claim on her 2021 tax
return?
CORRECT ANSWER
Head of Household
Question 2
2. Karen's Economic Impact Payment (EIP3) must be included in her total income.
CORRECT ANSWER
False
Question 3
3. What amount may Karen deduct as a charitable contribution when filing her 2021
tax return?
CORRECT ANSWER
$300
Question 4
4. What is the maximum amount Paul and Maggie are eligible to claim for the child tax
credit?
1
@THE STUDY VAULT
, CORRECT ANSWER
$6,600
Question 5
5. How much of the child care expenses can be used to claim the child and dependent
care credit?
CORRECT ANSWER
$3,500
Question 6
6. Form 8889, Part 1 is used to report HSA contributions made by _______________.
CORRECT ANSWER
All the above
Question 7
7. Carol is eligible to contribute an additional $________ to her HSA because she is age 55
or older.
CORRECT ANSWER
1000
Question 8
8. What is the total unreimbursed qualified medical expenses reported on Form 8889,
Part II?
2
@THE STUDY VAULT