H&R BLOCK

H&R Block Mid Term Review Exam Questions With Solutions What three factors determine the filing requirements for nondependents? 1. filing status 2. age 3. gross income What are the five filing status'? 1. Single 2. Married filing joint 3. Married filing separate 4. Qualifying widow 5. Head of household

H&R Block Chapter 1 Exam Questions With Solutions Income Medicare part A SS tax withheld SS Wages Tax liability Taxable Income Unearned income

H&R Block Chapter 1 Exam Questions With Solutions Are Social Security benefits taxable income? may be included in taxable income. Benefits are included in the taxable income (to the extent they are taxable) of the person who has the legal right to receive the benefits. You will learn more about social security benefits when you read about retirement distributions. Are disability retirement benefits earned income? qualify as earned income until the taxpayer reaches minimum retirement ...

H&R Block Income Tax Course Exam Questions With Solutions Underpayment Penalty If a taxpayer did not pay enough tax on a timely basis during the year, he may be required to pay an underpayment penalty. Two Ways to Pay as You Go Withholding and Estimated Tax Payments Form W-4 Employee's Withholding Allowance Certificate Form 4868 Application for Automatic Extension of Time To File U.S. Individual Income Tax Return Amended Return A tax return filed on Form 1040X after the original ret...

H&R Block Mid Term Review Exam Questions With Solutions What is the amount of taxable income that you can earn and still use the Tax Table? $100,000 What three factors determine the filing requirements for nondependents? 1. filing status 2. age 3. gross income What are the five filing status'? 1. Single 2. Married filing joint 3. Married filing separate 4. Qualifying widow 5. Head of household

H&R Block Midterm Review Exam Questions With Solutions Which of the following shows these numbers rounded correctly: $31.43, $143.57, $369.22, $1,547.88. B a) $32. $142. $368. $1,547. b) $31. $144. $369. $1,548. c) $31. $142. $369. $1,547. d) $32. $144. $368. $1,547. Which form is used by employers to report wages earned by their employees? A a) Form W-2 b) Form W-4 c) Form 1040 d) Form 1040A

H&R Block Quiz Ch's 1-5 Exam Questions With Solutions What is unearned income? - Dividends, interests, unemployment that can still be considered taxable income. (Money received for investment of money or other property such as interest, dividends, rents, and royalties). Gross Income Included or Not ? ? a. Unemployment. Inc. b. Interests on a state or local bond- No. (Pg. 1.10 There's a Chart) c. Salary income- Yes. d. Federal income tax refund- No. e. Dividind income report...

H&R Block Specialist Test Exam Questions With Solutions A taxpayer is required to file Schedule 1 (Form 1040) when claiming which of the following? A. Retirement savings contributions credit. B. Health savings account deduction C. Education credit D. Excess advance premium tax credit repayment Answer: B In 2018, the excise tax for excess contributions to a health savings account is _____________. A. 0% B. 6% C. 10% D. 20% Answer: B

H&R block Exam Questions With Solutions credit score A rating used by credit reporting companies to help lenders decide whether and/or how much credit can be extended to a borrower. creditworthiness a measure of your ability and willingness to repay a loan credit card a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit. debit card a card (usually plastic) that enables the holder to withdraw money or to have the cost of purc...

H&R Block Income Tax Course Chapter 6 Pg 6.6 Exam Questions With Solutions If the taxpayer paid premiums for a qualified long-term care insurance contract, they may be able to? Deduct all or part of these insurance premiums based on their age To see the amount a taxpayer may deduct for qualified long-term care insurance contract premiums? See IRS Publication 502, Medical and Dental Expenses, page 11