H&R Block Midterm Review
Comprehensive Questions
(Frequently Tested) with
Verified Answers Graded A+
Which of the following is considered earned income? C - a) Interest from a bank
b) Unemployment compensation
c) Income from farming
d) Gambling winnings
The tax on income that comes entirely from wages under $100,000 is determined according to
the: A - a) Tax Tables
b) Tax Computation Worksheet
c) Qualified Dividends and Capital Gain Tax Worksheet
d) Schedule D Tax Worksheet
Which of the following shows these numbers rounded correctly: $31.43, $143.57, $369.22,
$1,547.88. B - a) $32. $142. $368. $1,547.
b) $31. $144. $369. $1,548.
c) $31. $142. $369. $1,547.
d) $32. $144. $368. $1,547.
, Which form is used by employers to report wages earned by their employees? A - a) Form W-2
b) Form W-4
c) Form 1040
d) Form 1040A
What is the exemption amount for 2017? B - a) $3,850
b) $4,050
c) $5,050
d) $6,050
The following three factors determine the filing requirement for nondependents: B - a) Marital
status, age, and residency
b) Marital status, age, and gross income
c) Marital status, age, and taxable income
d) Marital status, age, and total deductions
The standard deduction on an income tax return is determined by: C - a) Citizenship
b) Residency
c) Filing status
d) Gross income
The head of household filing status requires that a taxpayer maintain a household for: A - a) A
qualifying child, qualifying relative, or a parent whom the taxpayer is allowed to claim as an
exemption on their tax return
b) At least one other person
c) A beloved family pet
d) Maintaining a household for another person is not a requirement of the HOH filing status.
Comprehensive Questions
(Frequently Tested) with
Verified Answers Graded A+
Which of the following is considered earned income? C - a) Interest from a bank
b) Unemployment compensation
c) Income from farming
d) Gambling winnings
The tax on income that comes entirely from wages under $100,000 is determined according to
the: A - a) Tax Tables
b) Tax Computation Worksheet
c) Qualified Dividends and Capital Gain Tax Worksheet
d) Schedule D Tax Worksheet
Which of the following shows these numbers rounded correctly: $31.43, $143.57, $369.22,
$1,547.88. B - a) $32. $142. $368. $1,547.
b) $31. $144. $369. $1,548.
c) $31. $142. $369. $1,547.
d) $32. $144. $368. $1,547.
, Which form is used by employers to report wages earned by their employees? A - a) Form W-2
b) Form W-4
c) Form 1040
d) Form 1040A
What is the exemption amount for 2017? B - a) $3,850
b) $4,050
c) $5,050
d) $6,050
The following three factors determine the filing requirement for nondependents: B - a) Marital
status, age, and residency
b) Marital status, age, and gross income
c) Marital status, age, and taxable income
d) Marital status, age, and total deductions
The standard deduction on an income tax return is determined by: C - a) Citizenship
b) Residency
c) Filing status
d) Gross income
The head of household filing status requires that a taxpayer maintain a household for: A - a) A
qualifying child, qualifying relative, or a parent whom the taxpayer is allowed to claim as an
exemption on their tax return
b) At least one other person
c) A beloved family pet
d) Maintaining a household for another person is not a requirement of the HOH filing status.
