VITA Basic Test Questions and Correct Solutions 2024

VITA Basic Test Questions and Correct Solutions 2024 Calvin has qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act. - Answer -True Calvin and Betty may need to make a shared responsibility payment on their joint return if they don't qualify for an exemption. - Answer -True Who can claim the American opportunity credit? - Answer -Dana can claim the credit because Tom is her dependent. Dana's most advantageous allowable filing status is: - Answer -Head of Household Who can Bob claim as a qualifying child(ren) for the earned income credit? - Answer -Bob can claim Sara, but not Joan. Who can claim Sara as a dependent? - Answer -Joan can claim Sara because she is Sara's mother. (Wrong) Will may claim R.J. as a dependent on his tax return. - Answer -True Is Will able to claim R.J. as a qualifying child for the earned income credit (EIC)? - Answer -No, because Will has an ITIN.