H&R Block Mid Term Review Questions
And Answers (GRADED A+)
what is the standard deduction for a taxpayer filing as single?
The standard deduction is $6,200.
What is the standard deduction for a taxpayer filing jointly with a spouse?
The standard deduction is $12,400.
What is the standard deduction for someone filing as married but separately?
The standard deduction is $6,200.
What is the standard deduction for a taxpayer filing as a qualifying widow?
The standard deduction is $9,100.
What is the standard deduction for a taxpayer filing as head of household?
The standard deduction is $9,100.
What type of information does Form 1099-G provide?
It reports government payments, such as unemployment benefits.
What does the standard deduction mean for taxpayers?
It is an amount that reduces the income that is subject to tax and depends on
the taxpayer's filing status.
What is the maximum taxable income to still use the Tax Table?
The limit is $100,000.
, What three factors determine if a nondependent taxpayer needs to file a
return?
1. Filing status
2. Age
3. Gross income
Which filing statuses are there?
1. Single
2. Married filing jointly
3. Married filing separately
4. Qualifying widow
5. Head of household
How is marital status determined for tax purposes?
It is based on the status as of the last day of the tax year.
What are the filing status options for someone considered unmarried on the
last day of the year?
1. Single
2. Head of household
3. Qualifying widow
What options does a taxpayer who is married on the last day of the year have
for filing status?
1. Married filing jointly
And Answers (GRADED A+)
what is the standard deduction for a taxpayer filing as single?
The standard deduction is $6,200.
What is the standard deduction for a taxpayer filing jointly with a spouse?
The standard deduction is $12,400.
What is the standard deduction for someone filing as married but separately?
The standard deduction is $6,200.
What is the standard deduction for a taxpayer filing as a qualifying widow?
The standard deduction is $9,100.
What is the standard deduction for a taxpayer filing as head of household?
The standard deduction is $9,100.
What type of information does Form 1099-G provide?
It reports government payments, such as unemployment benefits.
What does the standard deduction mean for taxpayers?
It is an amount that reduces the income that is subject to tax and depends on
the taxpayer's filing status.
What is the maximum taxable income to still use the Tax Table?
The limit is $100,000.
, What three factors determine if a nondependent taxpayer needs to file a
return?
1. Filing status
2. Age
3. Gross income
Which filing statuses are there?
1. Single
2. Married filing jointly
3. Married filing separately
4. Qualifying widow
5. Head of household
How is marital status determined for tax purposes?
It is based on the status as of the last day of the tax year.
What are the filing status options for someone considered unmarried on the
last day of the year?
1. Single
2. Head of household
3. Qualifying widow
What options does a taxpayer who is married on the last day of the year have
for filing status?
1. Married filing jointly
