HRB BUNDLED EXAMS WITH COMPLETE SOLUTIONS

HRB 1-6 quiz and Answers 100% Solved A taxpayer should include which of the following when figuring their federal gross income? Gifts and inheritances. Life insurance payments, if paid by reason of the death of the insured. Meals and lodging provided for the convenience of the employer Prizes...

Final H & R, H & R Block Final Exam Questions and Answers 100% Solved Duke and his wife were legally divorced in 2021. After the divorce, Duke retained physical custody of their son. Duke received the following amounts from his ex-wife, on behalf of their son or as ordered by the court throug...

H&R Block Tax Prep 2024/2025 Midterm Study Review Questions and Answers 100% Solved Kiera, 25, taxpayer, $5,800, unmarried Jan-June f/t student Jaylon, 1, son, $0- contributes more than 50% Annette, 48, mother, $25k Kiera & Jaylon have lived with Annette for all of 2018 Single, Child Tax C...

H & R Block Final Exam with Complete Solutions Which of the following individuals is an eligible educator and may deduct up to $300 of qualified educator expenses? (None of them received any reimbursements.) Mr. Chang is a fourth-grade teacher. He taught full-time in a classroom and worked mo...

HRB-27 Final Exam Review Questions and Answers 100% Solved What income reporting form should an independent contractor sometimes receive from the person who paid him for his services? Form 1099-MISC (15.6) Schedule C, Line F asks for the accounting method used in the business. What is the dif...

H&R Block Midterm Review Questions and Answers 100% Solved Which of the following is considered earned income? C a) 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 accor...

H&R Block Ch. 1&2 Test Questions and Answers 100% Solved Wage Compensation, usually financial, received by workers in exchange for their work. Adjusted gross income (AGI) Equals gross income, less reductions that are allowable, regardless of whether personal deductions are itemized. Credits R...

H&R Block 2024/2025 Scenarios Test Questions and Answers 100% Solved Carolyn earned $52,000 as a full-time employee in 2018. Due to procrastination and denial, she did not prepare her 2018 income tax return until June 23, 2019. Carolyn did not file the return until August 1, 2019. She did not...

H&R Block Final Review Questions and Answers 100% Solved What is the difference between earned income and unearned income? Earned income is received for services performed. Some examples of earned income include wages, commissions, tips, farming, and other business income. Unearned income is...

H&R Block Income Tax Course Questions and Answers 100% Solved Due Diligence Requirements that tax professionals must follow when preparing income tax returns. Estimated Tax The amount of tax a taxpayer expects to owe for the year after subtracting expected amounts withheld and certain refund...

LEVEL 2 - TAX SPECIALIST (HRB) – CRYPTO TEST QUESTIONS AND ANSWERS 100% SOLVED Currency is tangible or intangible property? Intangible Cash is fiat/real currency, gov. issued & not backed by commodities like gold or silver Digital Currency is any currency used exclusively in what form? Elect...

HRB Tax class Test Questions and Answers 100% Solved Ch 1: Earned Income Any income (wages/salary) that is generated by working. Social security A federal insurance program funded by taxpayer dollars that provide benefits to people who are retired, unemployed, or disabled: 6.2% of income. inc...

H&R Block- Chp 2 Filing Requirements Exam Questions And Answers 100% Solved community income Income of a married couple, living in a community property state, that is considered to belong equally to each spouse, regardless of which spouse receives the income. community property property cons...

H & R Block Midterm Review Test Questions and Answers 100% Solved Some types of income do not need to be reported anywhere on a federal tax return. This includes all of the following EXCEPT: A.) Most medical insurance proceeds B.) Worker's compensation paid to an employee who was injured on ...