VITA Session 1 Quiz | Questions with 100% Correct Answers | Verified | Updated 2024

VITA Session 1 Quiz | Questions with 100% Correct Answers | Verified | Updated 2024 What weighted average of scores must volunteers get on weekly quizzes? A) 100% B) 80% C) 65% D) 70% - Answer ️️ -D) 70% (T/F) You are allowed to Quality Review a tax return that you filed. - Answer ️️ -False How many volunteer hours are required during Winter and Spring Quarters respectively? A) 12 Hours; 9 Hours B) 14 Hours; 6 Hours C) 10 Hours; 12 Hours D) 9 Hours, 9 Hours - Answer ️️ -A) 12 Hours; 9 Hours Becky finished preparing a tax return for Susan which came out to have a large refund. Thrilled, Susan offers Becky $50 for her quality service and respectful manner. Which of the following statements are correct? A) Becky should accept the $50 and thank Susan for her kindness. B) Becky should reject Susan's offer and tell her that she cannot accept any form of payment. C) Becky says that it would be more convenient if Susan could Venmo her the $50 instead. - Answer ️️ -B) Becky should reject Susan's offer and tell her that she cannot accept any form of payment. A client finished filling out their intake form (Form 16314-C) and the volunteer notices that the client had the "unsure" box checked on the Interest/Dividends section. What should you as a volunteer do in this situation? A) Ask the client to make sure if she had received any of the forms (1099-INT; 1099-DIV). B) Disregard the issue and move on with preparing the tax return. C) Change the "Unsure" box to "No" because the client didn't give you the forms. - Answer ️️ -A) Ask the client to make sure if she had received any of the forms (1099-INT; 1099-DIV). (T/F) If a client has an ID but only a photo copy of their SSN, we are still allowed to file their return. - Answer ️️ -Tru