VITA RETEST Basic Scenario 2024

VITA RETEST Basic Scenario 2024 Jeff does not have to make a shared responsibility payment because he was covered by a health insurance plan through his employer for the full tax year. -Answer-TRUE Linda must make a shared responsibility payment because she did not have qualified healthcare coverage all year -Answer-FALSE David is Ava's qualifying child for the earned income credit. -Answer-TRUE David is a qualifying person for Ava to claim Head of Household filing status, credit for other dependents and the education credit. -Answer-TRUE Ellen's standard deduction is $24,000 -Answer-FALSE The maximum amount of additional child tax credit Ellen is able to claim per qualifying child is $1,400 -Answer-TRUE Christopher and Amanda can claim Jennifer as a qualifying child for the earned income credit (EIC) -Answer-FALSE Jennifer is a qualifying child for the child tax credit -Answer-TRUE Ashley's correct filing status is Single -Answer-FALSE Mathew can claim Mark and Kevin as qualifying children for the earned income credit -Answer- TRUE There is nothing George and Helen can do to prevent having a balance due next year -Answer- FALSE George and Helen should not file their tax return until they can pay the entire balance due - Answer-FALSE Joshua should file a tax return to claim a refund of his withholding -Answer-TRUE Jacob and Martha must report ______ of gambling winnings on their tax return. -Answer-$2,000 The amount of Daniel's qualifying education expenses must be reduced by the scholarship amount shown on Form 1098-T -Answer-TRUE