QUESTION AND ANSWER GRADED
A+ 2023-2024 ACTUAL QUESTIONS
AND CORRECT DETAILED ANSWERS
WITH RATIONALES VERIFIED
ANSWERS ALREADY GRADED A+
, Head of Household - CORRECT ANSWER-1. What is the most
beneficial filing status that Karen is eligible to claim on her 2021
tax
return?
False - CORRECT ANSWER-2. Karen's Economic Impact Payment
(EIP3) must be included in her total income.
$300 - CORRECT ANSWER-3. What amount may Karen deduct as
a charitable contribution when filing her 2021
tax return?
$6,600 - CORRECT ANSWER-4. What is the maximum amount
Paul and Maggie are eligible to claim for the child tax
credit?
$3,500 - CORRECT ANSWER-5. How much of the child care
expenses can be used to claim the child and dependent
care credit?
All the above - CORRECT ANSWER-6. Form 8889, Part 1 is used
to report HSA contributions made by _______________.
1000 - CORRECT ANSWER-7. Carol is eligible to contribute an
additional $________ to her HSA because she is age 55 or older.