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Exam (elaborations)

VITA BASIC EXAM QUESTIONS WITH CORRECT ANSWERS

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  • VITA
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  • VITA

VITA BASIC EXAM QUESTIONS WITH CORRECT ANSWERS

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  • November 23, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • VITA
  • VITA
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Lectphilip
VITA BASIC EXAM QUESTIONS WITH CORRECT
ANSWERS

What is the most advantageous filing status allowable that Joe can claim on his taxreturn for
2021? - CORRECT ANSWER-Head of Household


Joe can claim a higher standard deduction because he is blind. - CORRECT ANSWER-True


Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too young
and have no qualifying children. - CORRECT ANSWER-false


Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 taxreturn. -
CORRECT ANSWER-false


Which of the Reynolds children qualifies for the child tax credit (CTC)? - CORRECT ANSWER-
Laura and Timothy


Archie and Tina will not itemize deductions but can deduct the full amount of theircharitable
contribution. - CORRECT ANSWER-false


The Brooks qualify for the Credit for Other Dependents. - CORRECT ANSWER-True


The Brooks qualify for the Earned Income Tax Credit. - CORRECT ANSWER-false


Alan cannot claim the Earned Income Tax Credit because his age is more than theage limit. -
CORRECT ANSWER-False


. Alan must take a required minimum distribution in 2021. - CORRECT ANSWER-false



VITA Basic Exam questions with correct answers

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