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VITA Basic Exam Questions and Correct Answers

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VITA Basic Exam Questions and Correct Answers

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VITA Basic Exam Questions and
Correct Answers
What is the most advantageous filing status allowable that Joe can claim on his taxreturn for 2021? -
Answer: Head of Household



Joe can claim a higher standard deduction because he is blind. - Answer: True



Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too young and
have no qualifying children. - Answer: false



Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 taxreturn. - Answer:
false



Which of the Reynolds children qualifies for the child tax credit (CTC)? - Answer: Laura and Timothy



Archie and Tina will not itemize deductions but can deduct the full amount of theircharitable
contribution. - Answer: false



The Brooks qualify for the Credit for Other Dependents. - Answer: True



The Brooks qualify for the Earned Income Tax Credit. - Answer: false



Alan cannot claim the Earned Income Tax Credit because his age is more than theage limit. - Answer:
False



. Alan must take a required minimum distribution in 2021. - Answer: false



Bobbie can exclude his unemployment compensation on his 2021 tax return. - Answer: False



Bobbie is eligible for the following credit: - Answer: American Opportunity Credit

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