Exam (elaborations)
Enrolled Agent Individual Income Tax Return Exam Questions and Answers
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Enrolled Agent Individual Income Tax Return Exam
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Enrolled Agent Individual Income TaxReturn Exam
Gross mIncome mThreshold m- mCorrect mAnswers m-is mbased mon mfiling mstatus mand
mage mand mdetermines mwhether mor mnot ma mtaxpayer mmust mfile ma mfederal mincome
mtax mreturn
Gross mIncome m= m- mCorrect mAnswers m-Earned mIncome m+ mUnearned mIncome
Earned mIncome m- mCorrect mAnswers m-Includes msalaries, mwages, mtips, mprofessional
mfees, mtaxable mscholarships, mand mfellowship mgrants.
Unearned mIncome m- mCorrect mAnswers m-Includes munemployment mcompensation,
mtaxable mSocial mSecurity mbenefits, mtaxable mpensions, mannuity mincome, mcanceled
mdebt, munearned mincome mfrom ma mtrust, mtaxable minterest, mdividends, mand mcapital
mgains.
A mtaxpayer mis mnot mrequired mto mfile ma mreturn mif... m- mCorrect mAnswers m-gross
mincome mdoes mnot mexceed mthe mgross mincome mthreshold.
Single m& myounger mthan m65 m- mCorrect mAnswers m-File ma mreturn mif mgross mincome
mwas m$12,200 mor mmore
Single m& m65 mor moder m- mCorrect mAnswers m-File ma mreturn mif mgross mincome mwas
m$13,850 mor mmore
Married mFiled mJointly m& mBOTH mspouses mare myounger mthan m65 m- mCorrect
mAnswers m-File ma mreturn mif mgross mincome mwas m$24,400 m(collectively) mor mmore
Married mFiled mJointly m& mONLY mONE mspouse mis m65 mof molder m- mCorrect
mAnswers m-File ma mreturn mif mgross mincome mwas m$25,700 m(collectively) mor mmore
Married mFiled mJointly m& mBOTH mspouses mare m65 mof molder m- mCorrect mAnswers m-
File ma mreturn mif mgross mincome mwas m$27,000 m(collectively) mor mmore
Married mFiling mSeparately m(any mage) m- mCorrect mAnswers m-File ma mreturn mif mgross
mincome mwas m$5 mor mmore
, Head mof mhousehold m& myounger mthan m65 m- mCorrect mAnswers m-File ma mreturn mif
mgross mincome mwas m$18,350 mor mmore
Head mof mhousehold m& m65 mor molder m- mCorrect mAnswers m-File ma mreturn mif mgross
mincome mwas m$20,000 mor mmore
Qualifying mWidower m& myounger mthan m65 m- mCorrect mAnswers m-File ma mreturn mif
mgross mincome mwas m$24,400 mor mmore
Qualifying mWidower m& m65 mof molder m- mCorrect mAnswers m-File ma mreturn mif mgross
mincome mwas m$25,700 mor mmore
Single mdependent mIS mNOT m65+ mor mblind mmust mfile ma mreturn mif many mof mthe
mfollowing mapply: m- mCorrect mAnswers m-- munearned mincome mis mmore mthan m$1.100
- mearned mincome mwas mmore mthan m$12.200
- mGross mincome m(up mto m$11,850) mmore mthan mtheir mearned mincome m+ m350
Single mdependent mIS meither m65+ mor mblind mmust mfile ma mreturn mif many mof mthe
mfollowing mapply: m- mCorrect mAnswers m-- munearned mincome mis mmore mthan m$2,750
- mearned mincome mwas mmore mthan m$13,850
- mGross mincome m(up mto m$11,850) mmore mthan mtheir mearned mincome m+ m2000
Single mdependent mIS m65+ mAND mblind mmust mfile ma mreturn mif many mof mthe
mfollowing mapply: m- mCorrect mAnswers m-- munearned mincome mis mmore mthan m$4,400
- mearned mincome mwas mmore mthan m$15,500
- mGross mincome m(up mto m$11,850) mmore mthan mtheir mearned mincome m+ m$3650
A mtaxpayer mis mrequired mto mfile ma mreturn mif many mof mthe mconditions mapply,
mregardless mof mincome m(5): m- mCorrect mAnswers m-- mNet mearnings mfrom mself-
employment mare mat mleast m$400.
-Wages mare m$108.28 mor mmore mfrom ma mchurch mor mqualified mchurch-controlled
morganization mthat mis mexempt mfrom memployer mSocial mSecurity mand mMedicare
mtaxes.
-The mtaxpayer m(or mspouse, mif mfiling mjointly) mreceived mHSA, mArcher mMSA, mor
mMedicare mAdvantage mMSA mdistributions.
- mAdvance mpayments mof mthe mpremium mtax mcredit mor mthe mhealth mcoverage mtax
mcredit mwere mmade mfor mthe mtaxpayer, mspouse, mor ma mdependent.
-The mtaxpayer mowes mspecial mtaxes mor mmust mrecapture mcertain mcredits, mincluding
many mof mthe mfollowing m(7):
m- mAlternative mminimum mtax.
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