HR BLOCK EXAM TEST QUESTIONS AND CORRECT ANSWERS | 2023/2024 UPDATE
HR BLOCK EXAM TEST QUESTIONS AND CORRECT ANSWERS | 2023/2024 UPDATE List 4 Due Diligence Req's - ANSWER- 1) Complete (forms) 2) Keep 3) Knowledge 4) Document Earned income - ANSWER- Wages, tips, commissions, farming & other business income. $ for services Unearned income - ANSWER- Taxable income including investment money, dividends, rents, royalties, pensions, alimony, unemployment (not performing services) Single filing requirements - ANSWER- 65 10,350 65 11,900 MFJ filing requirements - ANSWER- 65. 20,700 65. 21,950 (1 spouse) 65. 23200 (2 spouses) MFS Filing requirement - ANSWER- 4050 Dependent filing requirement - ANSWER- $1050 unearned income HOH FILING REQUIREMENT - ANSWER- 65 13,350 65 14900 When is marital status determined? - ANSWER- Last day of tax year. Or Date of death if one spouse died How much is added Ro standard deduction if taxpayer is 65+ or blind? - ANSWER1250 Married & QW 1550 Single & HOH Personal exemption amount? - ANSWER- 4050 2amounts added to decide gross income filing requirements - ANSWER- Standard Deduction + Personal exemption
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