VITA Basic 2025 Certification Exam Questions with Correct Answers

VITA Basic 2025 Certification Exam Questions with Correct Answers Emma can prevent having a balance due next year by using the Tax Withholding Estimator at IRS.gov and then adjust her withholding. - Answer-True What is Emma's most advantageous filing status allowable? - Answer-Head of Household Emma's disability pension is reported as wages and considered earned income for the purposes of the earned income credit. - Answer-true Which of the following statements are true? - Answer-All of the Above What is the total amount of adjustments on the Emorys' tax return? - Answer-$1,475 What is the total amount of federal income tax withholding? - Answer-$3,880 Daniel and Avery cannot claim Jackson for the earned income credit because he did not live with them for more than half the year and does not meet the residency test - Answer-False Which of the following statements is true? - Answer-B Marsha qualifies for the recovery rebate credit of $500 for Shelby. - Answer-true Sheldon and Odessa's standard deduction is $________. - Answer-26,100 What amount can Sophia deduct as a charitable contribution adjustment? - Answer-300$ The refundable additional child tax credit is limited to $1,400 per child. - Answer-true What is the total amount of the Emorys' refundable American opportunity credit? $________. - Answer-2,500 for Jackson, if he has a TIN, 0$ for anyone else Jackson qualifies Daniel and Avery to claim the credit for other dependents. - Answer-true How much of Daniel's Social Security is taxable? - Answer-0$, if he is older than 62 Which credit(s) can the Hopkins claim on their 2020 tax return? - Answer-a. Child tax credit for Harper Are the Hopkins eligible to claim the earned income credit? - Answer-a. Yes, because Benjamin has a Social Security number. Poppy and Sebastian are dependents on Emma's tax return. - Answer-false What is the amount of gambling winnings Emma must report on her 2020 tax return? - Answer-c. $6,500 Emma has a balance due of $________ on her 2020 tax return. - Answer-289 Aioki qualifies for which of the following credits? - Answer-a. Child tax credit or b. Child and dependent care credit Sheldon must take a required minimum distribution from his retirement plan by December 31, 2020 to avoid an additional tax due. - Answer-False- Publication 4491, Important Changes for 2020 and Income - Retirement Income lessons.