INTUIT ACADEMY TAX LEVEL 1 QUESTIONS
WITH CORRECT ANSWERS
What are the five individual tax filing statuses?-correct-answer-1. Single
2. Married filing jointly
3. Married filing separately
4. Head of household
5. Qualified widow or widower
What's the significance of a tax filing status?-correct-answer-The taxpayer's tax
filing status can significantly effect their tax bill and which tax forms they will need
to fill out.
How does using "Head of household" tax filing status benefit the taxpayer?-
correct-answer-This filing status allows the taxpayer to access significant tax
deductions and more favorable tax brackets than if they filed as single.
When should taxpayer use the "Qualified widow or widower" tax filing status?-
correct-answer-The surviving spouse can file as "Married filing jointly" if their
spouse died during the tax payer, and they can use "Qualified widow or widower"
tax filing status for the next two years if they have a dependent child.