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VITA Certification Advanced Study Guide Test.

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VITA Certification Advanced Study Guide Test. (Calvin) which of the following statements is correct - CORRECT ANSWER calvin must claim 0 exemptions, because his parents can claim him as a dependent on their tax return (yes) (Calvin) Using publication 4012, is Calvin required to file a tax return? - CORRECT ANSWER yes (yes) (Dana) Dana's most advantageous allowable filing status is: - CORRECT ANSWER head of household (yes) Both Dana and Tom have qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act - CORRECT ANSWER true (yes) (Julia) Julia can claim Piper as a dependent - CORRECT ANSWER false (no) Julia has no qualifying children for the earned income credit - CORRECT ANSWER true (no) Review the coverage Exemptions chart in Publication 4012. Everett and Catherine qualify for a health insurance coverage exemption - CORRECT ANSWER false (no) Are Everett and Catherine eligible to claim the earned income credit - CORRECT ANSWER yes, because they have earned income (no) Which of the following benefits can Everett and Catherine claim on their tax return - CORRECT ANSWER they can claim emory as a dependent (no) What are the correct filing statuses for Ed's and Kara's individual returns - CORRECT ANSWER Ed can have head of household if Kara chooses Single (yes) it is allowable for both Ed and Kara to each claim on qualifying child for the earned income credit - CORRECT ANSWER TRUE (no) Linda's filing status is Single - CORRECT ANSWER false (yes) Which education benefit is Linda eligible to claim - CORRECT ANSWER tuition and fees deduction (no) gordon has an identity Protection Pin. How does this affect his return preparation - CORRECT ANSWER all of the above (no) the $9 of savings account interest is not required to be included on the return since no Form 1099-INT was issued - CORRECT ANSWER false (yes) What is the taxable amount of Gordon's social security - CORRECT ANSWER 22850 (no) gordon is over 65. how does that affect their tax return - CORRECT ANSWER it increases their standard deduction (yes) gordon and ellen want to avoid having a balance due next year. Gordon can submit a Form W4-P to have tax withheld on his pension - CORRECT ANSWER true (yes) gordon and ellen are not required to make a shared responsibility payment on form 1040 page 2 - CORRECT ANSWER false (yes) is head of household the most advantageous allowable filing status Valerie can use - CORRECT ANSWER no (yes) ethan is Valerie's qualifying child for which of the following benefits - CORRECT ANSWER exemption for a dependent (no) what is the total federal income tax withholding for Valerie's tax return - CORRECT ANSWER 2600 (no)

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VITA Certification Advanced Study Guide
Test.
(Calvin) which of the following statements is correct - CORRECT ANSWER calvin must claim 0
exemptions, because his parents can claim him as a dependent on their tax return (yes)



(Calvin) Using publication 4012, is Calvin required to file a tax return? - CORRECT ANSWER yes (yes)



(Dana) Dana's most advantageous allowable filing status is: - CORRECT ANSWER head of household
(yes)



Both Dana and Tom have qualifying health insurance coverage (also known as minimum essential
coverage) as defined under the Affordable Care Act - CORRECT ANSWER true (yes)



(Julia) Julia can claim Piper as a dependent - CORRECT ANSWER false (no)



Julia has no qualifying children for the earned income credit - CORRECT ANSWER true (no)



Review the coverage Exemptions chart in Publication 4012. Everett and Catherine qualify for a health
insurance coverage exemption - CORRECT ANSWER false (no)



Are Everett and Catherine eligible to claim the earned income credit - CORRECT ANSWER yes, because
they have earned income (no)



Which of the following benefits can Everett and Catherine claim on their tax return - CORRECT ANSWER
they can claim emory as a dependent (no)



What are the correct filing statuses for Ed's and Kara's individual returns - CORRECT ANSWER Ed can
have head of household if Kara chooses Single (yes)

, it is allowable for both Ed and Kara to each claim on qualifying child for the earned income credit -
CORRECT ANSWER TRUE (no)



Linda's filing status is Single - CORRECT ANSWER false (yes)



Which education benefit is Linda eligible to claim - CORRECT ANSWER tuition and fees deduction (no)



gordon has an identity Protection Pin. How does this affect his return preparation - CORRECT ANSWER
all of the above (no)



the $9 of savings account interest is not required to be included on the return since no Form 1099-INT
was issued - CORRECT ANSWER false (yes)



What is the taxable amount of Gordon's social security - CORRECT ANSWER 22850 (no)



gordon is over 65. how does that affect their tax return - CORRECT ANSWER it increases their standard
deduction (yes)



gordon and ellen want to avoid having a balance due next year. Gordon can submit a Form W4-P to have
tax withheld on his pension - CORRECT ANSWER true (yes)



gordon and ellen are not required to make a shared responsibility payment on form 1040 page 2 -
CORRECT ANSWER false (yes)



is head of household the most advantageous allowable filing status Valerie can use - CORRECT ANSWER
no (yes)



ethan is Valerie's qualifying child for which of the following benefits - CORRECT ANSWER exemption for
a dependent (no)



what is the total federal income tax withholding for Valerie's tax return - CORRECT ANSWER 2600 (no)

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