Intuit Tax 1 pre-assessment test questions &answers with a+ guaranteed The are _________ filing statuses. - n ANS Five. Single Married Filing Jointly Married Filing Separately Head of Household Qualifying Widow(er) Qs Which is a non-deductible busin

Intuit Tax 1 pre-assessment test
questions &answers with a+
guaranteed

The are _________ filing statuses. - n
ANS ✔
Five.


Single
Married Filing Jointly
Married Filing Separately
Head of Household
Qualifying Widow(er)


Qs
Which is a non-deductible business expense?


investments made in your business
costs of goods sold
family vacation
employees' pay - n
ANS ✔
family vacation


Qs
The self-employed health insurance deduction is limited to the net self-employment
profit shown on the return reduced by the deduction for ____________ of the self-
employment tax. - n
ANS ✔

, one-half


Qs
Which is considered an adjustment to Gross Income?


Moving Expense
Employee Wages
Municipal bond interest
Workers' compensation payments received as compensation for personal injury or
sickness - n
ANS ✔
Moving Expense


Qs
short-gains - n
ANS ✔
gains on assets that you have held for one year or less.


Qs
______________ is used to offset income and payroll taxes for low-income workers
and to provide an incentive to work. - n
ANS ✔
Earned Income Tax Credi


Qs
To satisfy the Substantial Presence Test, how many minimum days (in the current
year) must you be physically present in the United States? - n
ANS ✔
31 days


Qs