12/13/24, 12:40 PM H&R Block Specialist Test 2024 ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS /GET IT 100% ACCURATE|ALREADY…
H&R Block Specialist Test 2024 ACTUAL EXAM
QUESTIONS AND VERIFIED ANSWERS /GET IT
100% ACCURATE|ALREADY GRADED A+
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A. Since Joshua is not performing any child case
Sam pays his 19 yr. old services, the household tax rules do not apply.
son, Joshua, $550/month B. Since Joshua is the taxpayer's child under age 21,
to maintain the lawn & the household employment tax rules do not apply.
garden at the family C. Since no evidence is given that Joshua is a student,
residence. Sam is subject he is considered to be Sam's household employee.
to what household D. Since Joshua's wages are over $2,100 for the yr.,
employment tax rules for Sam is subject to the household employment tax rules
Joshua? for Joshua.
Answer: B
A. Prior-year federal income tax refund.
A taxpayer should include
B. Ordinary dividends.
which of the following
C. Personal injury compensation.
when figuring their federal
D. Qualified disaster relief payments.
gross income?
Answer: B
A. Retirement savings contributions credit.
,12/13/24, 12:40 PM H&R Block Specialist Test 2024 ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS /GET IT 100% ACCURATE|ALREADY…
A. 0%
In 2018, the excise tax for
B. 6%
excess contributions to a
C. 10%
health savings account is
D. 20%
_____________.
Answer: B
In 2018, the additional A. 0%
excise tax for non- B. 6%
qualified distributions C. 10%
from a health savings D. 20%
account is ____________. Answer: D
Cynthia works full-time as A. She may not claim the deduction b/c she is not
a teacher's aide at an considered an eligible educator.
elementary school. In B. Since she spent the $250 on professional
2018, she paid $250 to development rather than classroom supplies, she is
participate in a not eligible for this deduction.
professional development C. She may claim the deduction since she is an
course, hoping to eligible educator and the professional development
upgrade her job skills. course is a qualified expense.
Since she was no D. Since employee business expenses are no longer
reimbursed for this deductible on SCH A, she may not claim a deduction
expense, she would like to for the cost of the professional development course.
claim the educator Answer: C
expense deduction. As
Cynthia's Tax Pro, what
advice would you offer
her?
Major Winters, a member A. $0
of the Army Reserve, B. $268
traveled to a location 250 C. $463
miles from his home to D. $698
perform his work in the Answer: C
reserve in June 2018. His
unreimbursed expenses
consisted of $195 for
lodging and $268 for
mileage. In addition, he
incurred mileage
expenses of $235
throughout the yr. for trips
to a location 20 miles from
, 12/13/24, 12:40 PM H&R Block Specialist Test 2024 ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS /GET IT 100% ACCURATE|ALREADY…
Kimberly originally files A. April 15, 2021
her 2017 return on B. February 19, 2021
February 19, 2018. Under C. April 15, 2020
ordinary circumstances, D. April 17, 2018
what is the last day she Answer: A
can file an amended 2017
return?
A. The amount of deductible medical expenses was
All of the following issues reported incorrectly on the original return
may be corrected or B. An error that was made on a trust return needs to
changed by filing Form be corrected
1040X, Amended U.S. C. Wages for a 2nd job were not initially reported
Individual Income Tax D. A taxpayer who filed as a non-resident qualified for
Return, EXCEPT: U.S. resident status
Answer: B
Michelle converted her A. $88,000
personal residence to B. $98,000
rental property in 2018. C. $100,000
She purchased the D. $110,000
property in 2014 for Answer: A
$110,000 of which $10,000
was allocable to the land.
Unfortunately, property
values in her
neighborhood have
declined over the past few
yrs. On the date of
conversion, the FMV of
the property was $98,000;
$10,000 was allocated to
the land. Michelle's basis
for depreciation in the
property is:
Greg purchased a new A. $2,000
machine for use in his B. $2,700
business. He incurred the C. $12,000
following costs with the D. $12,700
purchase; $2,000 cash Answer: D
paid, $10,000 financed, a
$500 delivery charge, and
