H&R Block Midterm Review Questions and Answers 100% Pass

H&R Block Midterm Review
Questions and Answers 100% Pass


Which of the following is considered earned income? C - ✔✔a) Interest from a bank


b) Unemployment compensation


c) Income from farming


d) Gambling winnings


The tax on income that comes entirely from wages under $100,000 is determined

according to the: A - ✔✔a) Tax Tables


b) Tax Computation Worksheet


c) Qualified Dividends and Capital Gain Tax Worksheet


d) Schedule D Tax Worksheet


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.



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, 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


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



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