H&R BLOCK

NEW UPDATED HR BLOCK FINAL TEST REVIEW (ITC 2024

Which of the following is considered earned income? C - ANSWERSa) Interest from a bank b) Unemployment compensation c) Income from farming d) Gambling winnings The tax on income that comes entirely from wages under $100,000 is determined according to the: A - ANSWERSa) Tax Tables b) Tax Computation Worksheet c) Qualified Dividends and Capital Gain Tax Worksheet d) Schedule D Tax Worksheet Which of the following shows these numbers rounded correctly: $31.43, $143.57, $369.22, $1,547.8...

What is the standard deduction for a taxpayer filing single? - ANSWERS$6200 What is the standard deduction for a taxpayer filing married filing joint? - ANSWERS$12400 What is the standard deduction for a taxpayer filing married filing separate? - ANSWERS$6200 What is the standard deduction for a taxpayer filing qualifying widow? - ANSWERS$9100 What is the standard deduction for a taxpayer filing head of household? - ANSWERS$9100 What does Form 1099-G provide? - ANSWERSCertain gove...

Circular 230 - ANSWERSRegulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - ANSWERSThe release of tax information by an IRS employee. Due Diligence - ANSWERSRequirements that tax professionals must follow when preparing income tax returns. Noncompliance - ANSWERSFailure or refusal to comply with the tax code. Privilege - ANSWERSProtection from being required to disclose confident...

Earned Income - ANSWERSincome is received for services performed. Includes wages, commissions, tips, farming, and other business income Unearned Income - ANSWERStaxable income that does not meet the definition of earned income. Ex: interest income, dividends, rents and royalties, pensions, alimony, and unemployment income. If an employee thinks their Form W-2 is incorrect, what should they do? - ANSWERSTaxpayer should notify employer and request a corrected Form W-2 and have them update t...

H&R BLOCK Actual solution

H&r block final review questions and answers

H&R Block Exam Questions With Solutions Best of both file your taxes online, then send to a tax professional to review, correct, sign and file Free, in-person audit support 2. Scrolls to bottom of page. Free, unlimited advice from a tax expertDisclaimer number 1. Scrolls to bottom of page. 100% Accuracy and Maximum Refund - GuaranteedDisclaimer number6. Scrolls to bottom of page. Five free federal e-files basic software

H&R Block Final Review Exam Questions With Solutions What information do you need to know to determine whether a taxpayer is required to file a return? The taxpayer's marital status, age at the end of the tax year, gross income for the year, and if the taxpayer is a dependent. Where on Form 1040 can you find the regular standard deduction amounts? In the lefthand margin on page 1 of Form 1040. They are: single and married filing separately, $12,200; married filing jointly and quali...

H&R Block 2018 Scenarios Exam Questions With Solutions Rhonda married Jake in 2018. Jake has not been paying on his student loans and they are in default. He owes a few thousand dollars on them still. Rhonda is not legally obligated to pay his student loans. She worked all year and had income tax withheld. She wants to receive her portion of their tax refund. What should she do? Rhonda would file Form 8379 with their tax return to request her injured spouse allocation. Ron (35) and S...