Comprehensive VITA Exam Questions and Answers

Calvin has qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act. True Calvin and Betty may need to make a shared responsibility payment on their joint return if they don't qualify for an exemption. True Who can claim the Amer...

Jeff may need to make a shared responsibility payment FALSE Linda does not need to make a shared responsibility payment because she qualifies for an exemption under the short coverage gap criteria TRUE Ava cannot claim her son for the earned income credit because he did not live with her for m...

Which of the following is a violation of the Volunteer Standards of Conduct? a . Knowingly preparing a false tax return b . Having a donation/tip jar in the taxpayer waiting area at the site c . Using taxpayer's personal information to ask for a date d. All of the above d. All of the above Whi...

Jeff does not have to make a shared responsibility payment because he was covered by a health insurance plan through his employer for the full tax year.TRUE Linda must make a shared responsibility payment because she did not have qualified healthcare coverage all yearFALSE David is Ava's qual...

To ensure quality service and accurate return preparation, every site is required to have a process for assigning taxpayers to IRS tax law-certified preparers who are certified at or above the level required to prepare their tax return. a. True b. False a. True During the intake process, which o...

1. Rebecca's most beneficial allowable filing status is Head of Household. false 2. Rebecca has $_______ in qualifying child care expenses for the child and dependent care credit.. 2500 3. Pat and Terri are only eligible to claim the child tax credit on their 2020 tax return. false 4. The ta...

Joe is 35 years old and has never been married. • Suzanna, age 12, is Joe's niece who lived with him all year. Joe provided all of her support and provided over half the cost of keeping up the home. • Joe elected not to receive advance child tax credit payments. • Joe earned $42,000 in ...

What is the most beneficial filing status allowable for Rebecca? a. Single b. Married filing jointly c. Head of Household d. Qualifying Widow(er) Qualifying Widow(er) T or F: Rebecca has $3,100 in qualifying child care expenses for the child and dependent care credit False Pat and Terry are ...

Prior to working at a VITA/TCE site, ALL VITA/TCE volunteers (greeters, clients, facilitators, tax preparers, quality reviewers, etc.) must: Annually pass the volunteer standards of conduct (VSC) certification test with a score of 80% or higher and sign and date the form 13615, volunteer stand...

Jeff and Linda got married in December of 2018. They are both U.S. citizens with valid Social Security numbers. They do not elect to file a joint return for 2018. -Jeff worked all year and received wages of $32,000. He received full health insurance coverage from his employer all year. -Linda ...

(Calvin) which of the following statements is correct calvin must claim 0 exemptions, because his parents can claim him as a dependent on their tax return (yes) (Calvin) Using publication 4012, is Calvin required to file a tax return? yes (yes) (Dana) Dana's most advantageous allowable filing s...