HR BLOCK FINAL TEST (ITC 2024) ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONLES
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Course
2024/2025
Institution
2024/2025
HR BLOCK FINAL TEST (ITC 2024) ACTUAL EXAM 100
QUESTIONS AND CORRECT DETAILED ANSWERS
WITH RATIONLES
Which of the following is a requirement for all taxpayers who want to claim the EIC?
Live in the U.S. for more than half a year.
Have a valid social security number.
Have a qualifying child de...
provided. - Answer✔️✔️-Investigate and verify the accuracy of information the taxpayer
provides to show eligibility for EIC, AOTC, CTC/ODC/ACTC, and HOH.
When a taxpayer receives Form 1099-R with no amount entered in box 2a and code 7
entered in box 7, the entire distribution:
Could be partly or entirely taxable.
Is never taxable.
Is an early distribution and taxable.
Has been rolled into a traditional IRA or into another qualified plan. - Answer✔️✔️-Is
never taxable.
What is the maximum amount of the American Opportunity Tax Credit a taxpayer could
receive per student?
$1,650
$1,800
$2,000
$2,500 - Answer✔️✔️-$2,500
Which test for a qualifying child does NOT need to be met in order for the child to be a
qualifying person for purposes of Earned Income Credit (EIC)?
Age.
Relationship.
Residency.
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