H&R Block Specialist Test (QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
Sam pays his 19 yr. old son, Joshua, $550/month to maintain the lawn & garden at the family residence. Sam is subject to what household employment tax rules for Joshua? - ANSWER A. Since Joshua is not performing any child case services, the household tax rules do not apply. B. Since Joshua is the taxpayer's child under age 21, the household employment tax rules do not apply. C. Since no evidence is given that Joshua is a student, he is considered to be Sam's household employee. D. Since Joshua's wages are over $2,100 for the yr., Sam is subject to the household employment tax rules for Joshua. Answer: B A taxpayer should include which of the following when figuring their federal gross income? - ANSWER A. Prior-year federal income tax refund. B. Ordinary dividends. C. Personal injury compensation. D. Qualified disaster relief payments. Answer: B A taxpayer is required to file Schedule 1 (Form 1040) when claiming which of the following? - ANSWER A. Retirement savings contributions credit. B. Health savings account deduction C. Education credit D. Excess advance premium tax credit repayment Answer: B
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