VITA Basic Test Questions and Detailed Answers

Calvin has qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act. True Calvin and Betty may need to make a shared responsibility payment on their joint return if they don't qualify for an exemption. True Who can claim the American opportunity credit? Dana can claim the credit because Tom is her dependent. Dana's most advantageous allowable filing status is: Head of Household Who can Bob claim as a qualifying child(ren) for the earned income credit? Bob can claim Sara, but not Joan. Who can claim Sara as a dependent? Joan can claim Sara because she is Sara's mother. (Wrong) Will may claim R.J. as a dependent on his tax return. True Is Will able to claim R.J. as a qualifying child for the earned income credit (EIC)? No, because Will has an ITIN. Which benefit(s) can Will claim on his tax return? (Choose the best answer) All of the above What are the correct filing statuses? Both 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? No What amount of gambling winnings should be reported as other income on Linda's return? $1,400