Filing Taxes: Mastery Test
fully solved & updated
Which two statements describe advantages of e-filing tax returns? -
answer Taxpayers can use a software program for assistance in
entering the required information and the tax calculation.
Taxpayers can avoid delayed returns and ensure quicker processing
and faster refunds.
shows interest income
shows income from dividends
shows interest paid on a student loan
shows tuition payments - answer Form 1099-INT
Form 1099-DIV
Form 1098-E
Form 1098-T
A taxpayer's dividend income is reported on Form ___________. The
taxpayer must enter this amount in the __________ section of a tax
return. After all deductions have been subtracted, the amount of
taxes due will be calculated based on the _______. - answer 1099-DIV
fully solved & updated
Which two statements describe advantages of e-filing tax returns? -
answer Taxpayers can use a software program for assistance in
entering the required information and the tax calculation.
Taxpayers can avoid delayed returns and ensure quicker processing
and faster refunds.
shows interest income
shows income from dividends
shows interest paid on a student loan
shows tuition payments - answer Form 1099-INT
Form 1099-DIV
Form 1098-E
Form 1098-T
A taxpayer's dividend income is reported on Form ___________. The
taxpayer must enter this amount in the __________ section of a tax
return. After all deductions have been subtracted, the amount of
taxes due will be calculated based on the _______. - answer 1099-DIV
