H&R Block Midterm Review Exam Questions With Solutions

H&R Block Midterm Review Exam
Questions With Solutions

Which of the following shows these numbers rounded correctly: $31.43, $143.57, $369.22,

$1,547.88. B a) $32. $142. $368. $1,547.


b) $31. $144. $369. $1,548.

c) $31. $142. $369. $1,547.

d) $32. $144. $368. $1,547.




Which form is used by employers to report wages earned by their employees? A a) Form

W-2

b) Form W-4

c) Form 1040

d) Form 1040A




What is the exemption amount for 2017? B a) $3,850


b) $4,050

c) $5,050

d) $6,050

, H&R Block Midterm Review Exam
Questions With Solutions
The following three factors determine the filing requirement for nondependents: B a)

Marital status, age, and residency

b) Marital status, age, and gross income

c) Marital status, age, and taxable income

d) Marital status, age, and total deductions




The standard deduction on an income tax return is determined by: C a) Citizenship


b) Residency

c) Filing status

d) Gross income




The head of household filing status requires that a taxpayer maintain a household for: A a)

A qualifying child, qualifying relative, or a parent whom the taxpayer is allowed to claim as an

exemption on their tax return

b) At least one other person

c) A beloved family pet

d) Maintaining a household for another person is not a requirement of the HOH filing status.