VITA Basic Exam | Questions with 100% Correct Answers | Verified | Updated 2023

VITA BASIC EXAM

What is the most advantageous filing status allowable that Joe can claim on his tax return for 2021?

- ANSWER Head of Household

Joe can claim a higher standard deduction because he is blind. - ANSWER True

Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because they are too young

and have no qualifying children. - ANSWER false

Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 tax return. -

ANSWER false

Which of the Reynolds children qualifies for the child tax credit (CTC)? - ANSWER Laura and

Timothy

Archie and Tina will not itemize deductions but can deduct the full amount of their charitable

contribution. - ANSWER false

The Brooks qualify for the Credit for Other Dependents. - ANSWER True

The Brooks qualify for the Earned Income Tax Credit. - ANSWER false

Alan cannot claim the Earned Income Tax Credit because his age is more than the age limit. -

ANSWER False

Alan must take a required minimum distribution in 2021. - ANSWER false

Bobbie can exclude his unemployment compensation on his 2021 tax return. - ANSWER False

Bobbie is eligible for the following credit: - ANSWER American Opportunity Credit

Lifetime learning credit