VITA Basic Exam QUESTIONS & ANSWERS 2025 ( A+ GRADED 100% VERIFIED)

1

VITA Basic Exam

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




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




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




H
theircharitable contribution. - ANS false




G
Bobbie can claim the student loan interest deduction on his tax return. - ANS true
false


False




HI
Bobbie can exclude his unemployment compensation on his 2021 tax return. - ANS




G
Bobbie is eligible for the following credit: - ANS American Opportunity Credit
Lifetime learning credit




N
earned income credit




I
???




Y
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too




L
young and have no qualifying children. - ANS false




F
Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021
taxreturn. - ANS false

Fred and Wilma Jones can claim the Credit for Other Dependents. - ANS True

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

Mary is subject to the additional 10% tax on early distributions. - ANS true

Mary qualifies for which of the following credits? - ANS both a and b