Calvin has qualifying health insurance coverage (also known as minimum essential coverage)
as defined under the Affordable Care Act. - ANSTrue
Calvin and Betty may need to make a shared responsibility payment on their joint return if they
don't qualify for an exemption. - ANSTrue
Who can claim the American opportunity credit? - ANSDana can claim the credit because Tom
is her dependent.
Dana's most advantageous allowable filing status is: - ANSHead of Household
Who can Bob claim as a qualifying child(ren) for the earned income credit? - ANSBob can claim
Sara, but not Joan.
Who can claim Sara as a dependent? - ANSJoan can claim Sara because she is Sara's mother.
(Wrong)
Will may claim R.J. as a dependent on his tax return. - ANSTrue
Is Will able to claim R.J. as a qualifying child for the earned income credit (EIC)? - ANSNo,
because Will has an ITIN.
Which benefit(s) can Will claim on his tax return? (Choose the best answer) - ANSAll of the
above
What are the correct filing statuses? - ANSBoth John and Marsha must file as Single
Is it allowable for John and Marsha to each claim one qualifying child for the earned income
credit on their individual returns? - ANSNo
What amount of gambling winnings should be reported as other income on Linda's return? -
ANS$1,400
Based on her Married Filing Separately filing status, which education benefit is Linda eligible to
claim? - ANSShe does not qualify for any education benefit
What is Gordon's filing status on his 2017 tax return? - ANSSingle
The $25 of savings account interest is not required to be reported on the return since no Form
1099-INT was issued. - ANSFalse