H&R Block Mid Term Review questions
and answers
What is the standard deduction for a taxpayer filing single?✔✔$6200
What is the standard deduction for a taxpayer filing married filing joint?✔✔$12400
What is the standard deduction for a taxpayer filing married filing
separate?✔✔$6200
What is the standard deduction for a taxpayer filing qualifying widow?✔✔$9100
What is the standard deduction for a taxpayer filing head of household?✔✔$9100
What does Form 1099-G provide?✔✔Certain government payments such as
unemployment.
What is a standard deduction?✔✔A reduction in the amount of income subject to tax.
It varies based on the taxpayer's filing status.
What is the amount of taxable income that you can earn and still use the Tax
Table?✔✔$100,000
What three factors determine the filing requirements for nondependents?✔✔1. filing
status
2. age
3. gross income
What are the five filing status'?✔✔1. Single
2. Married filing joint
3. Married filing separate
4. Qualifying widow
5. Head of household
How do you determine marital status?✔✔Marital status is determined on the last day
of the tax year.
If the taxpayer is considered unmarried on the last day of the year what options do
he/she have as a filing status?✔✔1. Single
2. Head of household
3. Qualifying widow
If the taxpayer is considered married on the last day of the year, the taxpayer may
file as?✔✔1. Married filing join
2. Married filing separate
, When is a nondependent taxpayer required to file a tax return?✔✔Generally, the
nondependent taxpayer would be required to file a tax return when their gross
income is equal to or greater than the sum of the taxpayer's standard deduction and
personal exemption amount.
If a person is filing married filing separately, when are they required to file a tax
return?✔✔When their gross income equals or exceeds the personal exemption
amount ($3950 for 2014).
Taxpayers filing as single who are 65 or older and/or blind are entitled to what
increased standard deduction.✔✔$1550 (per condition)
Taxpayers filing as head of household who are 65 or older and/or blind are entitled to
what increased standard deduction.✔✔$1550 (per condition)
Taxpayers filing as married who are 65 or older and/or blind are entitled to what
increased standard deduction.✔✔$1200 (per condition)
Taxpayers filing as qualifying widow who are 65 or older and/or blind are entitled to
what increased standard deduction.✔✔$1200 (per condition)
When may a taxpayer filing married but separate claim a spouse's personal
exemption?✔✔When the spouse:
1. has no gross income
2. is not filing a return
3. is not a dependent of another person
When may a taxpayer with a nonresident alien spouse claim the spouse's personal
exemption?✔✔When the spouse:
1. has no gross income
2. is not filing a return
3. is not a dependent of another person
How do you determine if a dependent taxpayer is required to file?✔✔1. Is their
unearned income greater than $1000? If so, they must file.
2. Does their earned income exceed a specific threshold amount based on their
marital status, age, or blind? If so, then they must file.
3. Is their spouse filing MFS and itemizing deductions?
AND
Does the dependent taxpayer have at least $5 of gross income? If so, then they
must file.
4. Does their gross income exceed a specific threshold amount based on their
marital status, age, or blind? If so, then they must file.
When a married taxpayer wishes to file a MFS return and their spouse itemizes
deductions on their return, what should the taxpayer do?✔✔The taxpayer should
itemize deductions on their return as well because their standard deduction is
reduced to $0.
and answers
What is the standard deduction for a taxpayer filing single?✔✔$6200
What is the standard deduction for a taxpayer filing married filing joint?✔✔$12400
What is the standard deduction for a taxpayer filing married filing
separate?✔✔$6200
What is the standard deduction for a taxpayer filing qualifying widow?✔✔$9100
What is the standard deduction for a taxpayer filing head of household?✔✔$9100
What does Form 1099-G provide?✔✔Certain government payments such as
unemployment.
What is a standard deduction?✔✔A reduction in the amount of income subject to tax.
It varies based on the taxpayer's filing status.
What is the amount of taxable income that you can earn and still use the Tax
Table?✔✔$100,000
What three factors determine the filing requirements for nondependents?✔✔1. filing
status
2. age
3. gross income
What are the five filing status'?✔✔1. Single
2. Married filing joint
3. Married filing separate
4. Qualifying widow
5. Head of household
How do you determine marital status?✔✔Marital status is determined on the last day
of the tax year.
If the taxpayer is considered unmarried on the last day of the year what options do
he/she have as a filing status?✔✔1. Single
2. Head of household
3. Qualifying widow
If the taxpayer is considered married on the last day of the year, the taxpayer may
file as?✔✔1. Married filing join
2. Married filing separate
, When is a nondependent taxpayer required to file a tax return?✔✔Generally, the
nondependent taxpayer would be required to file a tax return when their gross
income is equal to or greater than the sum of the taxpayer's standard deduction and
personal exemption amount.
If a person is filing married filing separately, when are they required to file a tax
return?✔✔When their gross income equals or exceeds the personal exemption
amount ($3950 for 2014).
Taxpayers filing as single who are 65 or older and/or blind are entitled to what
increased standard deduction.✔✔$1550 (per condition)
Taxpayers filing as head of household who are 65 or older and/or blind are entitled to
what increased standard deduction.✔✔$1550 (per condition)
Taxpayers filing as married who are 65 or older and/or blind are entitled to what
increased standard deduction.✔✔$1200 (per condition)
Taxpayers filing as qualifying widow who are 65 or older and/or blind are entitled to
what increased standard deduction.✔✔$1200 (per condition)
When may a taxpayer filing married but separate claim a spouse's personal
exemption?✔✔When the spouse:
1. has no gross income
2. is not filing a return
3. is not a dependent of another person
When may a taxpayer with a nonresident alien spouse claim the spouse's personal
exemption?✔✔When the spouse:
1. has no gross income
2. is not filing a return
3. is not a dependent of another person
How do you determine if a dependent taxpayer is required to file?✔✔1. Is their
unearned income greater than $1000? If so, they must file.
2. Does their earned income exceed a specific threshold amount based on their
marital status, age, or blind? If so, then they must file.
3. Is their spouse filing MFS and itemizing deductions?
AND
Does the dependent taxpayer have at least $5 of gross income? If so, then they
must file.
4. Does their gross income exceed a specific threshold amount based on their
marital status, age, or blind? If so, then they must file.
When a married taxpayer wishes to file a MFS return and their spouse itemizes
deductions on their return, what should the taxpayer do?✔✔The taxpayer should
itemize deductions on their return as well because their standard deduction is
reduced to $0.
