Tax preparer || QUESTIONS WITH COMPLETE
SOLUTIONS!!
Taxable income are: correct answers Jury duty pay, wages, unemployment compensation
If you file married filling jointly you can claim you spouse as your dependent? correct
answers No, your spouse is not a dependent you are filling together
What is adjusted gross income? correct answers Your taxable income before deduction
For purpose of the earned income credit, a qualifying child is a child who... correct answers
Meets the relationship test.
A tax-payer should itemize deductions if the tax-payer's total itemized deductions are...
correct answers More than the tax payer's standard deduction.
Which of the following payments are generally taxable? correct answers Unemployment
compensation
The distribution made to a tax-payer from a traditional IRA are less than the required
minimum distribution for the year correct answers 50%
self-employment tax applies to correct answers Independent contractor reporting net earning
from self-employment of $400 or more
A tax-payer can make an adjustment to income on form 1040 for correct answers Deductible
part of self-employment tax form schedule SE
Which of the following statements regarding tip income is true? correct answers Any tips you
reported to your employer are to be included in the wages in box 1
An unmarried tax-payer clamming parent correct answers Head of the house
A tax payer goes to a casino and wins $10,000. The casino withholds $500 for federal income
Taxes correct answers The tax payer must report the winning and can claim the amount of
Federal income tax withheld on form 1040
The IRS rejected a tax-payer return when the tax payer attempted to e-fill the return when can
he file again? correct answers By the due date for filling the return or 10 calendar days after
the return was rejected
When the IRS rejects a return that an electronic return originator (ERO) has to provide...
correct answers The rejected code, accompanied by an explanation
A form 8453 must be submitted to the IRS after acceptance of an e-filed return when...
correct answers An agent possessing a Form 2848 electronically signs the return
SOLUTIONS!!
Taxable income are: correct answers Jury duty pay, wages, unemployment compensation
If you file married filling jointly you can claim you spouse as your dependent? correct
answers No, your spouse is not a dependent you are filling together
What is adjusted gross income? correct answers Your taxable income before deduction
For purpose of the earned income credit, a qualifying child is a child who... correct answers
Meets the relationship test.
A tax-payer should itemize deductions if the tax-payer's total itemized deductions are...
correct answers More than the tax payer's standard deduction.
Which of the following payments are generally taxable? correct answers Unemployment
compensation
The distribution made to a tax-payer from a traditional IRA are less than the required
minimum distribution for the year correct answers 50%
self-employment tax applies to correct answers Independent contractor reporting net earning
from self-employment of $400 or more
A tax-payer can make an adjustment to income on form 1040 for correct answers Deductible
part of self-employment tax form schedule SE
Which of the following statements regarding tip income is true? correct answers Any tips you
reported to your employer are to be included in the wages in box 1
An unmarried tax-payer clamming parent correct answers Head of the house
A tax payer goes to a casino and wins $10,000. The casino withholds $500 for federal income
Taxes correct answers The tax payer must report the winning and can claim the amount of
Federal income tax withheld on form 1040
The IRS rejected a tax-payer return when the tax payer attempted to e-fill the return when can
he file again? correct answers By the due date for filling the return or 10 calendar days after
the return was rejected
When the IRS rejects a return that an electronic return originator (ERO) has to provide...
correct answers The rejected code, accompanied by an explanation
A form 8453 must be submitted to the IRS after acceptance of an e-filed return when...
correct answers An agent possessing a Form 2848 electronically signs the return
