H&R BLOCK

H&R Block Income Tax Course UPDATED ACTUAL Exam Questions and CORRECT Answers Traditional IRA - CORRECT ANSWER - An individual retirement arrangement, contributions to which may or may not be deductible depending on the taxpayer's AGI and whether or not he is covered under an employer-sponsored retirement plan. What is the full retirement age? - CORRECT ANSWER is 65. For those born after it is gradually being increased to 67. - For workers born before 1938, it How much ...

H&R Block Tax Prep Midterm Study Review UPDATED ACTUAL Exam Questions and CORRECT Answers What credit do they qualify for? - CORRECT ANSWER because he is p/t student. - NO Earned Income Tax Credit For 2018 most US citizens are subject to the ACA. What best describes the ACA? - CORRECT ANSWER - Must have health coverage every month of the year 2018 or either qualify for exemption or be subject to penalties. What is NOT a qualified contribution for an employee claiming the ...

HR BLOCK Final Test Review (ITC 2025) UPDATED ACTUAL Exam Questions and CORRECT Answers Which test for a qualifying child does NOT need to be met in order for the child to be a qualifying person for purposes of Earned Income Credit (EIC)? Age. Relationship. Residency. Support. - CORRECT ANSWER - Support. Which of the following expenses qualifies for an education credit in 2021?

H&R Block Quiz Ch's 1-5 UPDATED ACTUAL Exam Questions and CORRECT Answers What is Gross Income? - CORRECT ANSWER - - Any money that you made or worked for that is subject to tax. Also, all world-wide income from whatever source derived, unless specifically excluded from taxation by law. ( Money realized in any form whether in money, property, or services

H & R Block Study quiz ch 1-11 UPDATED ACTUAL Exam Questions and CORRECT Answers Failure to the meet the 2017 due diligence requirements for EITC, AOTC, and CTC/ACTC claimed on one return could result in which of the following? - CORRECT ANSWER Maximum penalty of $1,530, per return, assessed towards the paid tax preparer. All of the following are due diligence requirements a Tax Professional must meet for EITC, AOTC, and CTC/ACTC EXCEPT: - CORRECT ANSWER - - Investigate and ...

H&R Block Final Review UPDATED ACTUAL Exam Questions and CORRECT Answers What is a tax preparer's responsibility upon finding out that a taxpayer has not complied with one or more tax laws? - CORRECT ANSWER - A tax preparer must only advise the taxpayer of the noncompliance and the consequences for not correcting the situation. The taxpayer is the only individual who can decide to make corrections to their return. What action should a tax preparer take if a taxpayer insists ...

H&R Block Final Review UPDATED Exam Questions and CORRECT Answers What types on income must be reported on Schedule 1 (Form 1040) and then reported on Form 1040? - CORRECT ANSWER - Gambling winnings, alimony, jury duty pay, canceled debts, and hobby income What are the adjustments that can be claimed on Schdule 1 (Form 1040)? - CORRECT ANSWER - Educator expense deduction, The health savings account (HSA) deduction, Moving expenses for members of the military, Self-employment...

H&R Block Mid Term Review UPDATED ACTUAL Exam Questions and CORRECT Answers Taxpayers filing as single who are 65 or older and/or blind are entitled to what increased standard deduction. - CORRECT ANSWER - $1550 (per condition) Taxpayers filing as head of household who are 65 or older and/or blind are entitled to what increased standard deduction. - CORRECT ANSWER - $1550 (per condition) Taxpayers filing as married who are 65 or older and/or blind are entitled to what increa...

H&R block budget quiz 3 UPDATED ACTUAL Exam Questions and CORRECT Answers In what way is a gas station credit card different than a bank credit card? - CORRECT ANSWER - Gas station cards only work at those gas stations. What is the most important consideration if using financial or shopping apps on a mobile device? - CORRECT ANSWER - Have a strong password or security feature to log into the device itself

H&R Block Budget Challenge UPDATED ACTUAL Exam Questions and CORRECT Answers Health Insurance - CORRECT ANSWER risk related to medical expenses. Homeowners Insurance - CORRECT ANSWER losses and liabilities related to home ownership Income - CORRECT ANSWER - A type of insurance that minimizes financial - Protects against most types of property - Money earned through employm