Test.
(Calvin) which of the following statements is correct - CORRECT ANSWER calvin must claim 0
exemptions, because his parents can claim him as a dependent on their tax return (yes)
(Calvin) Using publication 4012, is Calvin required to file a tax return? - CORRECT ANSWER yes (yes)
(Dana) Dana's most advantageous allowable filing status is: - CORRECT ANSWER head of household
(yes)
Both Dana and Tom have qualifying health insurance coverage (also known as minimum essential
coverage) as defined under the Affordable Care Act - CORRECT ANSWER true (yes)
(Julia) Julia can claim Piper as a dependent - CORRECT ANSWER false (no)
Julia has no qualifying children for the earned income credit - CORRECT ANSWER true (no)
Review the coverage Exemptions chart in Publication 4012. Everett and Catherine qualify for a health
insurance coverage exemption - CORRECT ANSWER false (no)
Are Everett and Catherine eligible to claim the earned income credit - CORRECT ANSWER yes, because
they have earned income (no)
Which of the following benefits can Everett and Catherine claim on their tax return - CORRECT ANSWER
they can claim emory as a dependent (no)
What are the correct filing statuses for Ed's and Kara's individual returns - CORRECT ANSWER Ed can
have head of household if Kara chooses Single (yes)
, it is allowable for both Ed and Kara to each claim on qualifying child for the earned income credit -
CORRECT ANSWER TRUE (no)
Linda's filing status is Single - CORRECT ANSWER false (yes)
Which education benefit is Linda eligible to claim - CORRECT ANSWER tuition and fees deduction (no)
gordon has an identity Protection Pin. How does this affect his return preparation - CORRECT ANSWER
all of the above (no)
the $9 of savings account interest is not required to be included on the return since no Form 1099-INT
was issued - CORRECT ANSWER false (yes)
What is the taxable amount of Gordon's social security - CORRECT ANSWER 22850 (no)
gordon is over 65. how does that affect their tax return - CORRECT ANSWER it increases their standard
deduction (yes)
gordon and ellen want to avoid having a balance due next year. Gordon can submit a Form W4-P to have
tax withheld on his pension - CORRECT ANSWER true (yes)
gordon and ellen are not required to make a shared responsibility payment on form 1040 page 2 -
CORRECT ANSWER false (yes)
is head of household the most advantageous allowable filing status Valerie can use - CORRECT ANSWER
no (yes)
ethan is Valerie's qualifying child for which of the following benefits - CORRECT ANSWER exemption for
a dependent (no)
what is the total federal income tax withholding for Valerie's tax return - CORRECT ANSWER 2600 (no)