VITA Basic Exam | Questions with 100% Correct Answers
| Verified | Updated 2024
Alan must take a required minimum distribution in 2021. - Answer100%false
Alan cannot claim the Earned Income Tax Credit because his age is more than theage
limit. - Answer100% False
Archie and Tina will not itemize deductions but can deduct the full amount of
theircharitable contribution. - Answer100% false
Bobbie can claim the student loan interest deduction on his tax return. -
Answer100%true
false
Bobbie can exclude his unemployment compensation on his 2021 tax return. -
Answer100% False
Bobbie is eligible for the following credit: - Answer100% American Opportunity Credit
Lifetime learning credit
earned income credit
???
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare
too young and have no qualifying children. - Answer100% false
Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021
taxreturn. - Answer100%false
Fred and Wilma Jones can claim the Credit for Other Dependents. - Answer100% True
Joe can claim a higher standard deduction because he is blind. - Answer100%True
Mary is subject to the additional 10% tax on early distributions. - Answer100% true
Mary qualifies for which of the following credits? - Answer100% both a and b
Mary wants to split the refund between her savings and checking accounts. How isthis
accomplished, if possible? - Answer100%Complete Form 8888, Allocation of Refund
(Including Savings Bond Purchases).
Mary's gambling winnings do not have to be reported on her return. - Answer100%
False
| Verified | Updated 2024
Alan must take a required minimum distribution in 2021. - Answer100%false
Alan cannot claim the Earned Income Tax Credit because his age is more than theage
limit. - Answer100% False
Archie and Tina will not itemize deductions but can deduct the full amount of
theircharitable contribution. - Answer100% false
Bobbie can claim the student loan interest deduction on his tax return. -
Answer100%true
false
Bobbie can exclude his unemployment compensation on his 2021 tax return. -
Answer100% False
Bobbie is eligible for the following credit: - Answer100% American Opportunity Credit
Lifetime learning credit
earned income credit
???
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare
too young and have no qualifying children. - Answer100% false
Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021
taxreturn. - Answer100%false
Fred and Wilma Jones can claim the Credit for Other Dependents. - Answer100% True
Joe can claim a higher standard deduction because he is blind. - Answer100%True
Mary is subject to the additional 10% tax on early distributions. - Answer100% true
Mary qualifies for which of the following credits? - Answer100% both a and b
Mary wants to split the refund between her savings and checking accounts. How isthis
accomplished, if possible? - Answer100%Complete Form 8888, Allocation of Refund
(Including Savings Bond Purchases).
Mary's gambling winnings do not have to be reported on her return. - Answer100%
False
