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Intuit Academy Tax Level 1 Certification Exam |
Latest 2026/2027 Update | Verified 100%
Correct Questions & Answers | Grade A
Married Filing Jointly: Social Security Taxes
Below $32,000 - No tax
$32k -$44k - 50%
$44k + - 85%
All other filing status': Social Security Tax
Below $25,000 - No tax
$25k-$34k - 50%
$34k+ - 85%
States that tax social security income
Colorado
CT
Kansas
Minnesota
Montana
New Mexico
RI
Utah
Vermont
WV
Non-deductible Expenses
Federal income
Social Security
Medicare
Federal unemployment
Railroad retirement
Custom duties
Federal estate & gift taxes
Gasoline, car, property improvements, license fee taxes
Foreign personal or real property taxes
State & local income AND sales taxes
All real estate taxes that year if sold home
Nontaxable Income
child support payments, welfare benefits, cash rebates, damage awards for personal injury or
sickness, gifts, alimony for divorce after 2018, healthcare benefits, money reimbursed from
qualifying adoptions, life insurance policy when someone dies, money from a qualified
scholarship except if spent on rent, personal expenses.
, Is Gofund me taxable?
False
Can you amend your tax return from married filing jointly to married filing separately?
Are guaranteed payments considered wages in Box 1 on 1040?
The payments are recorded on schedule k-1 and included as income on schedule E of their form
1040
Form 8812
Additional Child Tax Credit
Form 1040
The standard Internal Revenue Service (IRS) form that individuals use to file their annual
income tax returns.
Form 1116
Foreign Tax Credit (Individual, Estate or Trust)
Form 2241
Child and dependent care expenses
Form 5695
Residential Energy Credits
Form 8862
Information To Claim Earned Income Credit
After Disallowance
Form 2210
Underpayment of Estimated Tax by Individuals, Estates, and Trusts
Form 1040 X
Amended U.S. Individual Income Tax Return
Form 1040-SR
U.S. Tax Return for Seniors
Form 1040-NR
nonresident alien
Intuit Academy Tax Level 1 Certification Exam |
Latest 2026/2027 Update | Verified 100%
Correct Questions & Answers | Grade A
Married Filing Jointly: Social Security Taxes
Below $32,000 - No tax
$32k -$44k - 50%
$44k + - 85%
All other filing status': Social Security Tax
Below $25,000 - No tax
$25k-$34k - 50%
$34k+ - 85%
States that tax social security income
Colorado
CT
Kansas
Minnesota
Montana
New Mexico
RI
Utah
Vermont
WV
Non-deductible Expenses
Federal income
Social Security
Medicare
Federal unemployment
Railroad retirement
Custom duties
Federal estate & gift taxes
Gasoline, car, property improvements, license fee taxes
Foreign personal or real property taxes
State & local income AND sales taxes
All real estate taxes that year if sold home
Nontaxable Income
child support payments, welfare benefits, cash rebates, damage awards for personal injury or
sickness, gifts, alimony for divorce after 2018, healthcare benefits, money reimbursed from
qualifying adoptions, life insurance policy when someone dies, money from a qualified
scholarship except if spent on rent, personal expenses.
, Is Gofund me taxable?
False
Can you amend your tax return from married filing jointly to married filing separately?
Are guaranteed payments considered wages in Box 1 on 1040?
The payments are recorded on schedule k-1 and included as income on schedule E of their form
1040
Form 8812
Additional Child Tax Credit
Form 1040
The standard Internal Revenue Service (IRS) form that individuals use to file their annual
income tax returns.
Form 1116
Foreign Tax Credit (Individual, Estate or Trust)
Form 2241
Child and dependent care expenses
Form 5695
Residential Energy Credits
Form 8862
Information To Claim Earned Income Credit
After Disallowance
Form 2210
Underpayment of Estimated Tax by Individuals, Estates, and Trusts
Form 1040 X
Amended U.S. Individual Income Tax Return
Form 1040-SR
U.S. Tax Return for Seniors
Form 1040-NR
nonresident alien
