Intuit Practice Exam UPDATED ACTUAL Questions and CORRECT Answers
1. Taxpayer A and Taxpayer B met in early December Yes/True. Married Filing
through an online app and decided to get married Jointly Yes/True. Married Fil-
on December 31, 2021.What is an acceptable filing
status? ing Separately
2. A taxpayer needs assistance in determining their res- Yes/True. Since the taxpayer
idency status for the current year The taxpayer is not met the substantial presence
a U.S. citizen but is treated as a resident alien for tax test, they would be consid-
purposes. Is this statement true? ered a resident for the cur-
rent year. Yes/True. Since the
taxpayer met the green card
test, they would be consid-
ered a resident for the cur-
3. Josephine is a Canadian citizen and resident. She is rent year.
not a US citizen, but was physically present in the
USA for 170 days in the current year. She was in the Yes/True. She will qualify as
USA for 30 days and 60 days in each of the previous she meets the substantial
two years. Will Josephine be considered a citizen or
resident of the USA when applying the substantial presence test with 190 days
presence test in the current year? when applying the formula.
4. Is this a test that individual must satisfy to be consid- Yes/True. Relationship test
ered a qualifying child of a taxpayer? Yes/True. Support test
5. In the following scenario, is Form 1040 required to be Yes/True. Taxpayer is single,
has income of $6,000 and
filed for 2022? $300 of federal income taxes
withheld. They want to claim
the refund.
Yes/True. Taxpayer is mar-
, ried filing jointly. Taxpayer
has $80,000 in earned in-
come and spouse has net
profits of $40,000 from their
sole proprietorship.
6. Is the following statement correct about Form W-2? Yes/True. Box 1 provides the
total of how much you were
paid in wages, tips, and oth-
er compensation.
7. Is the following statement correct when calculating Yes/True. Taxpayers subtract
the individual federal income tax formula? Above Line Deductions from
Gross Income to deter-
mine Adjusted Gross In-
come. Yes/True. Taxpayers
subtract Qualified Business
Income from Adjusted Gross
Income to determine Taxable
8. Taxpayer A is a student athlete in high school. They
are being recruited by colleges to play soccer at a
Income.
Division I school and are popular on several social
media platforms. Taxpayer A provides social media Yes/True. The taxpayer will
advertisements for several businesses in the local need to file Schedule C in
area. Below is additional information for their current their tax return. Yes/True.
year. *Taken as a dependent on their parent's tax
return
The taxpayer will have to pay
*Earned income of $7,500 for social media advertise- self-employment tax.
ments for local car dealership, restaurant, auto body
shop and hair salon
1. Taxpayer A and Taxpayer B met in early December Yes/True. Married Filing
through an online app and decided to get married Jointly Yes/True. Married Fil-
on December 31, 2021.What is an acceptable filing
status? ing Separately
2. A taxpayer needs assistance in determining their res- Yes/True. Since the taxpayer
idency status for the current year The taxpayer is not met the substantial presence
a U.S. citizen but is treated as a resident alien for tax test, they would be consid-
purposes. Is this statement true? ered a resident for the cur-
rent year. Yes/True. Since the
taxpayer met the green card
test, they would be consid-
ered a resident for the cur-
3. Josephine is a Canadian citizen and resident. She is rent year.
not a US citizen, but was physically present in the
USA for 170 days in the current year. She was in the Yes/True. She will qualify as
USA for 30 days and 60 days in each of the previous she meets the substantial
two years. Will Josephine be considered a citizen or
resident of the USA when applying the substantial presence test with 190 days
presence test in the current year? when applying the formula.
4. Is this a test that individual must satisfy to be consid- Yes/True. Relationship test
ered a qualifying child of a taxpayer? Yes/True. Support test
5. In the following scenario, is Form 1040 required to be Yes/True. Taxpayer is single,
has income of $6,000 and
filed for 2022? $300 of federal income taxes
withheld. They want to claim
the refund.
Yes/True. Taxpayer is mar-
, ried filing jointly. Taxpayer
has $80,000 in earned in-
come and spouse has net
profits of $40,000 from their
sole proprietorship.
6. Is the following statement correct about Form W-2? Yes/True. Box 1 provides the
total of how much you were
paid in wages, tips, and oth-
er compensation.
7. Is the following statement correct when calculating Yes/True. Taxpayers subtract
the individual federal income tax formula? Above Line Deductions from
Gross Income to deter-
mine Adjusted Gross In-
come. Yes/True. Taxpayers
subtract Qualified Business
Income from Adjusted Gross
Income to determine Taxable
8. Taxpayer A is a student athlete in high school. They
are being recruited by colleges to play soccer at a
Income.
Division I school and are popular on several social
media platforms. Taxpayer A provides social media Yes/True. The taxpayer will
advertisements for several businesses in the local need to file Schedule C in
area. Below is additional information for their current their tax return. Yes/True.
year. *Taken as a dependent on their parent's tax
return
The taxpayer will have to pay
*Earned income of $7,500 for social media advertise- self-employment tax.
ments for local car dealership, restaurant, auto body
shop and hair salon
