H&R Block Income Tax Specialist Test Questions & Answers.

H&R Block Income Tax Specialist Test |
Questions & Answers



Sam pays his 19 yr. old son, Joshua, $550/month to maintain the lawn &
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garden at the family residence. Sam is subject to what household employment
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tax rules for Joshua? - Verified ANS ✔✔ - A. Since Joshua is not performing
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any child case services, the household tax rules do not apply.
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B. Since Joshua is the taxpayer's child under age 21, the household
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employment tax rules do not apply.
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C. Since no evidence is given that Joshua is a student, he is considered to be
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Sam's household employee.
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D. Since Joshua's wages are over $2,100 for the yr., Sam is subject to the
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household employment tax rules for Joshua.
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Answer: B n/




A taxpayer should include which of the following when figuring their federal
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gross income? - Verified ANS ✔✔ - A. Prior-year federal income tax refund.
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B. Ordinary dividends.
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C. Personal injury compensation.
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D. Qualified disaster relief payments.
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Answer: B n/




A taxpayer is required to file Schedule 1 (Form 1040) when claiming which of
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the following? - Verified ANS ✔✔ - A. Retirement savings contributions
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credit.
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B. Health savings account deduction
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,C. Education credit
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D. Excess advance premium tax credit repayment
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Answer: B n/




In 2018, the excise tax for excess contributions to a health savings account is
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_____________. - Verified ANS ✔✔ - A. 0%
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B. 6%n/




C. 10%
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D. 20%
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Answer: B n/




In 2018, the additional excise tax for non-qualified distributions from a health
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savings account is ____________. - Verified ANS ✔✔ - A. 0%
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B. 6%n/




C. 10%
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D. 20%
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Answer: D n/




Cynthia works full-time as a teacher's aide at an elementary school. In 2018,
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she paid $250 to participate in a professional development course, hoping to
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upgrade her job skills. Since she was no reimbursed for this expense, she
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would like to claim the educator expense deduction. As Cynthia's Tax Pro,
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what advice would you offer her? - Verified ANS ✔✔ - A. She may not claim
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the deduction b/c she is not considered an eligible educator.
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B. Since she spent the $250 on professional development rather than
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classroom supplies, she is not eligible for this deduction.
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C. She may claim the deduction since she is an eligible educator and the
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professional development course is a qualified expense.
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D. Since employee business expenses are no longer deductible on SCH A, she
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may not claim a deduction for the cost of the professional development
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course.
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, Answer: C n/




Major Winters, a member of the Army Reserve, traveled to a location 250 miles
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from his home to perform his work in the reserve in June 2018. His
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unreimbursed expenses consisted of $195 for lodging and $268 for mileage. In
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addition, he incurred mileage expenses of $235 throughout the yr. for trips to
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a location 20 miles from his home. How much is Major Winters eligible to
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deduct on SCH 1 (Form 1040), line 24, as an above-the-line adjustment? -
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Verified ANS ✔✔ - A. $0
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B. $268
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C. $463
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D. $698
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Answer: C n/




Kimberly originally files her 2017 return on February 19, 2018. Under ordinary
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circumstances, what is the last day she can file an amended 2017 return? -
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Verified ANS ✔✔ - A. April 15, 2021
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B. February 19, 2021
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C. April 15, 2020
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D. April 17, 2018
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Answer: A n/




All of the following issues may be corrected or changed by filing Form 1040X,
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Amended U.S. Individual Income Tax Return, EXCEPT: - Verified ANS ✔✔ - A.
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The amount of deductible medical expenses was reported incorrectly on the
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original return
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B. An error that was made on a trust return needs to be corrected
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C. Wages for a 2nd job were not initially reported
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D. A taxpayer who filed as a non-resident qualified for U.S. resident status
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Answer: B n/