H&R Block Quiz Ch's 1-5 Exam Questions
With Solutions
What is unearned income? - Dividends, interests, unemployment that can still be
considered taxable income. (Money received for investment of money or other property such as
interest, dividends, rents, and royalties).
Gross Income Included or Not ? ?
a. Unemployment. Inc.
b. Interests on a state or local bond- No. (Pg. 1.10 There's a Chart)
c. Salary income- Yes.
d. Federal income tax refund- No.
e. Dividind income reported on a 1099 DIV? Yes. Gross Income Included or Not ? ?
a. Unemployment.
b. Interests on a state or local bond- (Pg. 1.10 There's a Chart)
c. Salary income-
d. Federal income tax refund-
e. Dividind income reported on a 1099 DIV?
5. Scenario? Are they required to file? Scenario? Are they required to file? :
With Solutions
What is unearned income? - Dividends, interests, unemployment that can still be
considered taxable income. (Money received for investment of money or other property such as
interest, dividends, rents, and royalties).
Gross Income Included or Not ? ?
a. Unemployment. Inc.
b. Interests on a state or local bond- No. (Pg. 1.10 There's a Chart)
c. Salary income- Yes.
d. Federal income tax refund- No.
e. Dividind income reported on a 1099 DIV? Yes. Gross Income Included or Not ? ?
a. Unemployment.
b. Interests on a state or local bond- (Pg. 1.10 There's a Chart)
c. Salary income-
d. Federal income tax refund-
e. Dividind income reported on a 1099 DIV?
5. Scenario? Are they required to file? Scenario? Are they required to file? :
