VITA Basic Exam with correct answers
What |is |the |most |advantageous |filing |status |allowable |that |Joe |can |claim |on |his |taxreturn |for |2021? |-
|VERIFIED |ANSWER✔✔-Head |of |Household
Joe |can |claim |a |higher |standard |deduction |because |he |is |blind. |- |VERIFIED |ANSWER✔✔-True
Chris |and |Marcie |cannot |claim |the |Earned |Income |Tax |Credit |(EITC) |because |theyare |too |young |and |
have |no |qualifying |children. |- |VERIFIED |ANSWER✔✔-false
Chris |and |Marcie |must |claim |the |EIP3 |of |$2,800 |as |taxable |income |on |their |2021 |taxreturn. |- |
VERIFIED |ANSWER✔✔-false
Which |of |the |Reynolds |children |qualifies |for |the |child |tax |credit |(CTC)? |- |VERIFIED |ANSWER✔✔-Laura |
and |Timothy
Archie |and |Tina |will |not |itemize |deductions |but |can |deduct |the |full |amount |of |theircharitable |
contribution. |- |VERIFIED |ANSWER✔✔-false
The |Brooks |qualify |for |the |Credit |for |Other |Dependents. |- |VERIFIED |ANSWER✔✔-True
The |Brooks |qualify |for |the |Earned |Income |Tax |Credit. |- |VERIFIED |ANSWER✔✔-false
Alan |cannot |claim |the |Earned |Income |Tax |Credit |because |his |age |is |more |than |theage |limit. |- |
VERIFIED |ANSWER✔✔-False
. |Alan |must |take |a |required |minimum |distribution |in |2021. |- |VERIFIED |ANSWER✔✔-false
Bobbie |can |exclude |his |unemployment |compensation |on |his |2021 |tax |return. |- |VERIFIED |ANSWER✔✔-
False
Bobbie |is |eligible |for |the |following |credit: |- |VERIFIED |ANSWER✔✔-American |Opportunity |Credit
Lifetime |learning |credit
earned |income |credit
???
Bobbie |can |claim |the |student |loan |interest |deduction |on |his |tax |return. |- |VERIFIED |ANSWER✔✔-true
false
Fred |and |Wilma |Jones |can |claim |the |Credit |for |Other |Dependents. |- |VERIFIED |ANSWER✔✔-True
