VITA Basic Exam
What is the most advantageous filing status allowable that Joe can claim on his
taxreturn for 2021? - Correct Answer ✔✔ - Head of Household
Joe can claim a higher standard deduction because he is blind. - Correct Answer ✔✔ -
True
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare
too young and have no qualifying children. - Correct Answer ✔✔ - false
Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021
taxreturn. - Correct Answer ✔✔ - false
Which of the Reynolds children qualifies for the child tax credit (CTC)? - Correct
Answer ✔✔ - Laura and Timothy
Archie and Tina will not itemize deductions but can deduct the full amount of
theircharitable contribution. - Correct Answer ✔✔ - false
The Brooks qualify for the Credit for Other Dependents. - Correct Answer ✔✔ - True
The Brooks qualify for the Earned Income Tax Credit. - Correct Answer ✔✔ - false
Alan cannot claim the Earned Income Tax Credit because his age is more than theage
limit. - Correct Answer ✔✔ - False
. Alan must take a required minimum distribution in 2021. - Correct Answer ✔✔ - false
Bobbie can exclude his unemployment compensation on his 2021 tax return. - Correct
Answer ✔✔ - False
Bobbie is eligible for the following credit: - Correct Answer ✔✔ - American Opportunity
Credit
Lifetime learning credit
earned income credit
???
Bobbie can claim the student loan interest deduction on his tax return. - Correct Answer
✔✔ - true
false
Fred and Wilma Jones can claim the Credit for Other Dependents. - Correct Answer
✔✔ - True
What is the total amount of federal income tax withholding shown on theJones' Form(s)
W-2 and 1099? - Correct Answer ✔✔ - $6100
5200
2700
????
The taxable amount of Fred's Social Security is $7,650.00 - Correct Answer ✔✔ - True
What is the most advantageous filing status allowable that Joe can claim on his
taxreturn for 2021? - Correct Answer ✔✔ - Head of Household
Joe can claim a higher standard deduction because he is blind. - Correct Answer ✔✔ -
True
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare
too young and have no qualifying children. - Correct Answer ✔✔ - false
Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021
taxreturn. - Correct Answer ✔✔ - false
Which of the Reynolds children qualifies for the child tax credit (CTC)? - Correct
Answer ✔✔ - Laura and Timothy
Archie and Tina will not itemize deductions but can deduct the full amount of
theircharitable contribution. - Correct Answer ✔✔ - false
The Brooks qualify for the Credit for Other Dependents. - Correct Answer ✔✔ - True
The Brooks qualify for the Earned Income Tax Credit. - Correct Answer ✔✔ - false
Alan cannot claim the Earned Income Tax Credit because his age is more than theage
limit. - Correct Answer ✔✔ - False
. Alan must take a required minimum distribution in 2021. - Correct Answer ✔✔ - false
Bobbie can exclude his unemployment compensation on his 2021 tax return. - Correct
Answer ✔✔ - False
Bobbie is eligible for the following credit: - Correct Answer ✔✔ - American Opportunity
Credit
Lifetime learning credit
earned income credit
???
Bobbie can claim the student loan interest deduction on his tax return. - Correct Answer
✔✔ - true
false
Fred and Wilma Jones can claim the Credit for Other Dependents. - Correct Answer
✔✔ - True
What is the total amount of federal income tax withholding shown on theJones' Form(s)
W-2 and 1099? - Correct Answer ✔✔ - $6100
5200
2700
????
The taxable amount of Fred's Social Security is $7,650.00 - Correct Answer ✔✔ - True
