hr block income tax course 1-6
questions with correct answers
Five filing statuses - CORRECT ANSWER-✔✔✅single, married filing jointly, married filing separate,
head of household, and qualifying widower
social Security tax withheld - CORRECT ANSWER-✔✔✅6.2% up to 118,500 or 7347.00
Form 1099- G - CORRECT ANSWER-✔✔✅Form for unemployment compensation
Medicare tax rate - CORRECT ANSWER-✔✔✅1.45% or 1.45% + 0.9% if the income is over 200,000
Gross Income - CORRECT ANSWER-✔✔✅Total worldwide income subject to tax
Form 4852 - CORRECT ANSWER-✔✔✅Substitute for w-2 and tax statement l, or 1099-R
Firm 1095B - CORRECT ANSWER-✔✔✅Provided by the insurance provider to the taxpayer
Firm 1095C - CORRECT ANSWER-✔✔✅Provide by the employer with 50 or more applicable full time
employees to the taxpayer
Community property based on Spanish Civil law - CORRECT ANSWER-✔✔✅income received for
services performed is considered to belong half to the spouse and half to the other spouse.
British common law - CORRECT ANSWER-✔✔✅Most states regarding the ownership and property
are based on British common law, these are known as separate property states. in separate property
states, income received belongs to the spouse who earned it or who owns the property that produced
the income.
questions with correct answers
Five filing statuses - CORRECT ANSWER-✔✔✅single, married filing jointly, married filing separate,
head of household, and qualifying widower
social Security tax withheld - CORRECT ANSWER-✔✔✅6.2% up to 118,500 or 7347.00
Form 1099- G - CORRECT ANSWER-✔✔✅Form for unemployment compensation
Medicare tax rate - CORRECT ANSWER-✔✔✅1.45% or 1.45% + 0.9% if the income is over 200,000
Gross Income - CORRECT ANSWER-✔✔✅Total worldwide income subject to tax
Form 4852 - CORRECT ANSWER-✔✔✅Substitute for w-2 and tax statement l, or 1099-R
Firm 1095B - CORRECT ANSWER-✔✔✅Provided by the insurance provider to the taxpayer
Firm 1095C - CORRECT ANSWER-✔✔✅Provide by the employer with 50 or more applicable full time
employees to the taxpayer
Community property based on Spanish Civil law - CORRECT ANSWER-✔✔✅income received for
services performed is considered to belong half to the spouse and half to the other spouse.
British common law - CORRECT ANSWER-✔✔✅Most states regarding the ownership and property
are based on British common law, these are known as separate property states. in separate property
states, income received belongs to the spouse who earned it or who owns the property that produced
the income.
