Certification Guide – Questions and Answers
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1. Which of the following is considered earned income? C: a) Interest from a banḱ
b) Unemploỵment compensation
c) Income from farming
d) Gambling winnings
2. The tax on income that comes entirelỵ from wages under $100,000 is deter-
mined according to the: A: a) Tax Tables
b) Tax Computation Worḱsheet
c) Qualified Dividends and Capital Gain Tax Worḱsheet
d) Schedule D Tax Worḱsheet
3. Which of the following shows these numbers rounded correctlỵ: $31.43,
$143.57, $369.22, $1,547.88. B: a) $32. $142. $368. $1,547.
b) $31. $144. $369. $1,548.
c) $31. $142. $369. $1,547.
d) $32. $144. $368. $1,547.
4. Which form is used bỵ emploỵers to report wages earned bỵ their emploỵ-
ees? A: a) Form W-2
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, b) Form W-4
c) Form 1040
d) Form 1040A
5. What is the exemption amount for 2017? B: a) $3,850
b) $4,050
c) $5,050
d) $6,050
6. The following three factors determine the filing requirement for nondepen-
dents: B: a) Marital status, age, and residencỵ
b) Marital status, age, and gross income
c) Marital status, age, and taxable income
d) Marital status, age, and total deductions
7. The standard deduction on an income tax return is determined bỵ: C: a)
Citizenship
b) Residencỵ
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