H&R Block Midterm Review Exam With 100% Correct Answers 2023, Exercises of Economics

H&R Block Midterm Review Exam With 100% Correct Answers 2023 Which of the following is considered earned income? C - Correct Answer-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 - Correct Answer-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 - Correct Answer-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 - Correct Answer-a) Form W-2 b) Form W-4 c) Form 1040 d) Form 1040A What is the exemption amount for 2017? B - Correct Answer-a) $3,850 b) $4,050 c) $5,050 d) $6,050 The following three factors determine the filing req