Social Science Business Insurance
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finance exam 2 HIMS 5620 Exam 2 Practice Quizzes... Homeowners Insurance: Coverage, ... Florida
81 terms 37 terms 45 terms 35 terms
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Practice questions for this set
Learn 1 /7 Study with Learn
20. The Kennedys' standard deduction for tax year 2020 is:
Choose an answer
not 538 not 24800
0 26100
1 2
464 27400
5920 28700
3500
3 120 4 not 1000
260
Don't know?
1. Rebecca's most beneficial allowable filing false
status is Head of Household.
2. Rebecca has $_______ in qualifying child 2500
care expenses for the child and dependent
care credit..
, 3. Pat and Terri are only eligible to claim false
the child tax credit on their 2020 tax return.
4. The taxable amount of Pat's 3300
unemployment compensation is $_________?
5. Medicaid waiver payments can be true
considered earned income for the
computation of the earned income credit.
6. Andrew's HSA deduction amount on False
Form 8889, Part I, line 13 is $3,000.
7. The HSA contribution made by Andrew's W
employer will be shown in Box 12 on his
Form W-2 with the following:
8. The over-the-counter allergy medication true
is a qualified medical expense for HSA
purposes.
9. Barbara and Claire can make an false
agreement on who can claim Molly as a
dependent.
10. Jenny is eligible for earned income false
credit, but can allow Claire to claim the
credit.
11. Robert is eligible to claim the donation false
to his friend's GoFundMe account as a
charitable contribution.
12. Robert qualifies for an above-the-line false
charitable contribution adjustment of $300
on his 2020 tax return if he chooses not to
itemize.
13. Carly can claim $3,960 as a student loan false
interest deduction on Form 1040, Schedule
1.
14. Carly is eligible to deduct $250 as an false
adjustment to income on Form 1040,
Schedule 1 for qualified educator expenses.
15. The Franklins can use $ ___________ of 6000 false
qualified child care expenses to calculate
the child and dependent care credit.
16. The refundable amount of the American 918
opportunity credit located on Form 8863,
Education Credit is:
17. The Franklins' Form 8962, Premium Tax true
Credit, shows they are entitled to a net
premium tax credit on their 2020 tax return.
18. The Franklins can claim a recovery false
rebate credit of $1,200 for Christina on their
2020 tax return.
VITA
Save
Students also studied
finance exam 2 HIMS 5620 Exam 2 Practice Quizzes... Homeowners Insurance: Coverage, ... Florida
81 terms 37 terms 45 terms 35 terms
jrc2238 Preview allyvasbinder Preview TonyaMwhodat Preview hey
Practice questions for this set
Learn 1 /7 Study with Learn
20. The Kennedys' standard deduction for tax year 2020 is:
Choose an answer
not 538 not 24800
0 26100
1 2
464 27400
5920 28700
3500
3 120 4 not 1000
260
Don't know?
1. Rebecca's most beneficial allowable filing false
status is Head of Household.
2. Rebecca has $_______ in qualifying child 2500
care expenses for the child and dependent
care credit..
, 3. Pat and Terri are only eligible to claim false
the child tax credit on their 2020 tax return.
4. The taxable amount of Pat's 3300
unemployment compensation is $_________?
5. Medicaid waiver payments can be true
considered earned income for the
computation of the earned income credit.
6. Andrew's HSA deduction amount on False
Form 8889, Part I, line 13 is $3,000.
7. The HSA contribution made by Andrew's W
employer will be shown in Box 12 on his
Form W-2 with the following:
8. The over-the-counter allergy medication true
is a qualified medical expense for HSA
purposes.
9. Barbara and Claire can make an false
agreement on who can claim Molly as a
dependent.
10. Jenny is eligible for earned income false
credit, but can allow Claire to claim the
credit.
11. Robert is eligible to claim the donation false
to his friend's GoFundMe account as a
charitable contribution.
12. Robert qualifies for an above-the-line false
charitable contribution adjustment of $300
on his 2020 tax return if he chooses not to
itemize.
13. Carly can claim $3,960 as a student loan false
interest deduction on Form 1040, Schedule
1.
14. Carly is eligible to deduct $250 as an false
adjustment to income on Form 1040,
Schedule 1 for qualified educator expenses.
15. The Franklins can use $ ___________ of 6000 false
qualified child care expenses to calculate
the child and dependent care credit.
16. The refundable amount of the American 918
opportunity credit located on Form 8863,
Education Credit is:
17. The Franklins' Form 8962, Premium Tax true
Credit, shows they are entitled to a net
premium tax credit on their 2020 tax return.
18. The Franklins can claim a recovery false
rebate credit of $1,200 for Christina on their
2020 tax return.
