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VITA Basic Test 2024/2025 already graded A+ $12.99   Add to cart

Exam (elaborations)

VITA Basic Test 2024/2025 already graded A+

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  • VITA Certification
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  • VITA Certification

VITA Basic Test 2024/2025 already graded A+

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  • January 29, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • vita certification
  • VITA Certification
  • VITA Certification
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Ashley96
VITA Basic Test

Calvin has qualifying health insurance coverage (also known as minimum essential coverage)
as defined under the Affordable Care Act. - ANSTrue

Calvin and Betty may need to make a shared responsibility payment on their joint return if they
don't qualify for an exemption. - ANSTrue

Who can claim the American opportunity credit? - ANSDana can claim the credit because Tom
is her dependent.

Dana's most advantageous allowable filing status is: - ANSHead of Household

Who can Bob claim as a qualifying child(ren) for the earned income credit? - ANSBob can claim
Sara, but not Joan.

Who can claim Sara as a dependent? - ANSJoan can claim Sara because she is Sara's mother.
(Wrong)

Will may claim R.J. as a dependent on his tax return. - ANSTrue

Is Will able to claim R.J. as a qualifying child for the earned income credit (EIC)? - ANSNo,
because Will has an ITIN.

Which benefit(s) can Will claim on his tax return? (Choose the best answer) - ANSAll of the
above

What are the correct filing statuses? - ANSBoth John and Marsha must file as Single

Is it allowable for John and Marsha to each claim one qualifying child for the earned income
credit on their individual returns? - ANSNo

What amount of gambling winnings should be reported as other income on Linda's return? -
ANS$1,400

Based on her Married Filing Separately filing status, which education benefit is Linda eligible to
claim? - ANSShe does not qualify for any education benefit

What is Gordon's filing status on his 2017 tax return? - ANSSingle

The $25 of savings account interest is not required to be reported on the return since no Form
1099-INT was issued. - ANSFalse

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