INTUIT ACADEMY TAX LEVEL 1 -
FEDERAL INDIVIDUAL TAX RETURNS
(OI_818) EXAM QUESTIONS &
CORRECT ANSWERS 100%
1040 - CORRECT ANSWER Form most commonly used by tax payers.
What is the 1040-SR? - CORRECT ANSWER U.S. Tax Return for Seniors, 65 and
older.
What is a feature of the 1040-SR? - CORRECT ANSWER It uses larger print.
What does the 1040-SR include to help taxpayers? - CORRECT ANSWER A chart to
determine taxpayers' standard deduction.
What is the 1040 NR? - CORRECT ANSWER It is a form for non-US citizens who do
not hold a green card.
What is a 1040-X Form? - CORRECT ANSWER This form is for taxpayers who need to
make amendments to their tax return after previously filing a Form 1040.
1040 top of page 1 - CORRECT ANSWER Is for personal information, filing status and
information about standard deductions.
Filing status on 1040 - CORRECT ANSWER Your filing status will modify your standard
deduction if applicable.
dependants-qualifying child - CORRECT ANSWER to meet the qualifying child test,
your child must be younger than you or your spouse if filing jointly and either younger
than 19 years old or be a "student" younger than 24 years old as of the end of the
calendar year
Main income W-2 - CORRECT ANSWER Is shown in box 1, should be entered on line
1a on 1040
Non-w2 income - CORRECT ANSWER Interest or dividend income such as savings in
a bank account or or investment in municipal bonds
line 2-a 1040 - CORRECT ANSWER should show the total net amount of all of your
tax-exempt interest across all your accounts combined. Even if some of your individual
FEDERAL INDIVIDUAL TAX RETURNS
(OI_818) EXAM QUESTIONS &
CORRECT ANSWERS 100%
1040 - CORRECT ANSWER Form most commonly used by tax payers.
What is the 1040-SR? - CORRECT ANSWER U.S. Tax Return for Seniors, 65 and
older.
What is a feature of the 1040-SR? - CORRECT ANSWER It uses larger print.
What does the 1040-SR include to help taxpayers? - CORRECT ANSWER A chart to
determine taxpayers' standard deduction.
What is the 1040 NR? - CORRECT ANSWER It is a form for non-US citizens who do
not hold a green card.
What is a 1040-X Form? - CORRECT ANSWER This form is for taxpayers who need to
make amendments to their tax return after previously filing a Form 1040.
1040 top of page 1 - CORRECT ANSWER Is for personal information, filing status and
information about standard deductions.
Filing status on 1040 - CORRECT ANSWER Your filing status will modify your standard
deduction if applicable.
dependants-qualifying child - CORRECT ANSWER to meet the qualifying child test,
your child must be younger than you or your spouse if filing jointly and either younger
than 19 years old or be a "student" younger than 24 years old as of the end of the
calendar year
Main income W-2 - CORRECT ANSWER Is shown in box 1, should be entered on line
1a on 1040
Non-w2 income - CORRECT ANSWER Interest or dividend income such as savings in
a bank account or or investment in municipal bonds
line 2-a 1040 - CORRECT ANSWER should show the total net amount of all of your
tax-exempt interest across all your accounts combined. Even if some of your individual
