VITA Basic Exam
. Alan must take a required minimum distribution in 2021. - ANS-fake
Alan can't declare the Earned Income Tax Credit due to the fact his age is greater than
theage restriction. - ANS-False
Archie and Tina will now not itemize deductions but can deduct the total quantity of
theircharitable contribution. - ANS-fake
Bobbie can declare the pupil mortgage hobby deduction on his tax return. - ANS-proper
fake
Bobbie can exclude his unemployment compensation on his 2021 tax return. - ANS-False
Bobbie is eligible for the subsequent credit: - ANS-American Opportunity Credit
Lifetime getting to know credit score
earned earnings credit score
???
Chris and Marcie cannot declare the Earned Income Tax Credit (EITC) because theyare too
younger and haven't any qualifying children. - ANS-fake
Chris and Marcie should claim the EIP3 of $2,800 as taxable profits on their 2021 taxreturn. -
ANS-false
Fred and Wilma Jones can claim the Credit for Other Dependents. - ANS-True
Joe can declare a better trendy deduction because he is blind. - ANS-True
Mary is concern to the additional 10% tax on early distributions. - ANS-genuine
Mary qualifies for which of the subsequent credit? - ANS-both a and b
Mary wants to cut up the refund between her savings and checking debts. How isthis
executed, if viable? - ANS-Complete Form 8888, Allocation of Refund (Including Savings
Bond Purchases).
Mary's playing winnings do no longer should be mentioned on her go back. - ANS-False
Mary's most fine submitting status is: - ANS-Married filing one at a time
head of family
???
Rebecca and John are dependents on Shelia's tax go back. - ANS-false
Sheila can prevent having a balance due next 12 months by way of the usage of the Tax
WithholdingEstimator at IRS.Gov after which adjust her withholding. - ANS-true
Sheila's maximum positive submitting fame allowable is - ANS-HOH
The Brooks qualify for the Credit for Other Dependents. - ANS-True
The Brooks qualify for the Earned Income Tax Credit. - ANS-false
The taxable quantity of Fred's Social Security is $7,650.00 - ANS-True
What amount can Mary declare as an adjustment for the supplies she bought outof pocket? -
ANS-$250
What is the most fine filing reputation allowable that Joe can claim on his taxreturn for 2021?
- ANS-Head of Household
What is the entire amount of federal income tax withholding proven on theJones' Form(s)
W-2 and 1099? - ANS-$6100
. Alan must take a required minimum distribution in 2021. - ANS-fake
Alan can't declare the Earned Income Tax Credit due to the fact his age is greater than
theage restriction. - ANS-False
Archie and Tina will now not itemize deductions but can deduct the total quantity of
theircharitable contribution. - ANS-fake
Bobbie can declare the pupil mortgage hobby deduction on his tax return. - ANS-proper
fake
Bobbie can exclude his unemployment compensation on his 2021 tax return. - ANS-False
Bobbie is eligible for the subsequent credit: - ANS-American Opportunity Credit
Lifetime getting to know credit score
earned earnings credit score
???
Chris and Marcie cannot declare the Earned Income Tax Credit (EITC) because theyare too
younger and haven't any qualifying children. - ANS-fake
Chris and Marcie should claim the EIP3 of $2,800 as taxable profits on their 2021 taxreturn. -
ANS-false
Fred and Wilma Jones can claim the Credit for Other Dependents. - ANS-True
Joe can declare a better trendy deduction because he is blind. - ANS-True
Mary is concern to the additional 10% tax on early distributions. - ANS-genuine
Mary qualifies for which of the subsequent credit? - ANS-both a and b
Mary wants to cut up the refund between her savings and checking debts. How isthis
executed, if viable? - ANS-Complete Form 8888, Allocation of Refund (Including Savings
Bond Purchases).
Mary's playing winnings do no longer should be mentioned on her go back. - ANS-False
Mary's most fine submitting status is: - ANS-Married filing one at a time
head of family
???
Rebecca and John are dependents on Shelia's tax go back. - ANS-false
Sheila can prevent having a balance due next 12 months by way of the usage of the Tax
WithholdingEstimator at IRS.Gov after which adjust her withholding. - ANS-true
Sheila's maximum positive submitting fame allowable is - ANS-HOH
The Brooks qualify for the Credit for Other Dependents. - ANS-True
The Brooks qualify for the Earned Income Tax Credit. - ANS-false
The taxable quantity of Fred's Social Security is $7,650.00 - ANS-True
What amount can Mary declare as an adjustment for the supplies she bought outof pocket? -
ANS-$250
What is the most fine filing reputation allowable that Joe can claim on his taxreturn for 2021?
- ANS-Head of Household
What is the entire amount of federal income tax withholding proven on theJones' Form(s)
W-2 and 1099? - ANS-$6100
