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INTUIT ACADEMY TAX LEVEL 1 EXAM
COMPLETE 300 QUESTIONS WITH DETAILED
SOLUTIONS JUST RELEASED THIS YEAR
Questions 1–50
1. What is the standard deduction for a single filer in 2026?
• A) $14,050
• B) $12,950
• C) $13,850
• D) $10,200
• Answer: A
• Rationale: For 2026, the IRS standard deduction for single filers is $14,050.
2. Which form reports wages and taxes withheld from an employee's paycheck?
• A) Form 1099-MISC
• B) Form W-2
• C) Form 1040
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• D) Form W-4
• Answer: B
• Rationale: Form W-2 is the official document employers use to report wages paid and
taxes withheld for each employee.
3. Taxable income is calculated as:
• A) AGI minus deductions
• B) Gross income minus credits
• C) Standard deduction only
• D) Total income minus exclusions
• Answer: A
• Rationale: Taxable income equals adjusted gross income (AGI) minus either the standard
deduction or itemized deductions.
4. Self-employment tax primarily covers which programs?
• A) Social Security and Medicare
• B) Federal income tax only
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• C) State income tax
• D) Unemployment insurance
• Answer: A
• Rationale: Self-employment tax covers Social Security and Medicare contributions for
individuals who work for themselves.
5. The Child and Dependent Care Credit requires that expenses be:
• A) Work-related expenses for qualifying dependents
• B) Only for school tuition
• C) For any household expense
• D) Unreimbursed medical expenses
• Answer: A
• Rationale: To claim this credit, expenses must be work-related and incurred for the care
of a qualifying dependent.
6. Which filing status should an unmarried taxpayer with no dependents use?
• A) Head of Household
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• B) Married Filing Separately
• C) Single
• D) Qualifying Surviving Spouse
• Answer: C
• Rationale: Filing status is determined on the last day of the tax year. An unmarried
individual with no dependents defaults to Single status.
7. To qualify as Head of Household, a taxpayer must pay more than what percentage of the
costs of keeping up a home?
• A) 10%
• B) 25%
• C) 50%
• D) 75%
• Answer: C
• Rationale: The taxpayer must provide more than half (over 50%) of the total household
maintenance costs.
4
SUCCESS!
INTUIT ACADEMY TAX LEVEL 1 EXAM
COMPLETE 300 QUESTIONS WITH DETAILED
SOLUTIONS JUST RELEASED THIS YEAR
Questions 1–50
1. What is the standard deduction for a single filer in 2026?
• A) $14,050
• B) $12,950
• C) $13,850
• D) $10,200
• Answer: A
• Rationale: For 2026, the IRS standard deduction for single filers is $14,050.
2. Which form reports wages and taxes withheld from an employee's paycheck?
• A) Form 1099-MISC
• B) Form W-2
• C) Form 1040
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• D) Form W-4
• Answer: B
• Rationale: Form W-2 is the official document employers use to report wages paid and
taxes withheld for each employee.
3. Taxable income is calculated as:
• A) AGI minus deductions
• B) Gross income minus credits
• C) Standard deduction only
• D) Total income minus exclusions
• Answer: A
• Rationale: Taxable income equals adjusted gross income (AGI) minus either the standard
deduction or itemized deductions.
4. Self-employment tax primarily covers which programs?
• A) Social Security and Medicare
• B) Federal income tax only
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• C) State income tax
• D) Unemployment insurance
• Answer: A
• Rationale: Self-employment tax covers Social Security and Medicare contributions for
individuals who work for themselves.
5. The Child and Dependent Care Credit requires that expenses be:
• A) Work-related expenses for qualifying dependents
• B) Only for school tuition
• C) For any household expense
• D) Unreimbursed medical expenses
• Answer: A
• Rationale: To claim this credit, expenses must be work-related and incurred for the care
of a qualifying dependent.
6. Which filing status should an unmarried taxpayer with no dependents use?
• A) Head of Household
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• B) Married Filing Separately
• C) Single
• D) Qualifying Surviving Spouse
• Answer: C
• Rationale: Filing status is determined on the last day of the tax year. An unmarried
individual with no dependents defaults to Single status.
7. To qualify as Head of Household, a taxpayer must pay more than what percentage of the
costs of keeping up a home?
• A) 10%
• B) 25%
• C) 50%
• D) 75%
• Answer: C
• Rationale: The taxpayer must provide more than half (over 50%) of the total household
maintenance costs.
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