Hrb test questions Study guides, Class notes & Summaries

HRB Tax class Test Questions and Answers 100% Solved Ch 1: Earned Income Any income (wages/salary) that is generated by working. Social security A federal insurance program funded by taxpayer dollars that provide benefits to people who are retired, unemployed, or disabled: 6.2% of income. income tax Taxes paid out by anyone who earns an income. federal income tax Used to support government programs such as military defense and public services. state income tax Used to support protecti...

HRB Test Questions with Correct Answers Describe the purpose of the CSO - Answer-To provide help & inspire confidence in our clients & communities everywhere. Explain the CSO structure, our teams and commonly asked questions? - Answer-Care to provide help & inspire confidence; serve w/ transparency; win by making it easy. Escalation teams - Answer-Escalations agents research and resolve escalated cases submitted by Tier 1 agents. People Center - Answer-provides human resource support ...

HRB Test Questions with Correct Answers Describe the purpose of the CSO - Answer-To provide help & inspire confidence in our clients & communities everywhere. Explain the CSO structure, our teams and commonly asked questions? - Answer-Care to provide help & inspire confidence; serve w/ transparency; win by making it easy. Escalation teams - Answer-Escalations agents research and resolve escalated cases submitted by Tier 1 agents. People Center - Answer-provides human resource support t...

HRB Test Questions with Correct Answers (1) Describe the purpose of the CSO - Answer-To provide help & inspire confidence in our clients & communities everywhere. Explain the CSO structure, our teams and commonly asked questions? - Answer-Care to provide help & inspire confidence; serve w/ transparency; win by making it easy. Escalation teams - Answer-Escalations agents research and resolve escalated cases submitted by Tier 1 agents. People Center - Answer-provides human resource sup...

LEVEL 2 - TAX SPECIALIST (HRB) – CRYPTO TEST QUESTIONS AND ANSWERS 100% SOLVED Currency is tangible or intangible property? Intangible Cash is fiat/real currency, gov. issued & not backed by commodities like gold or silver Digital Currency is any currency used exclusively in what form? Electronic One sub type of digital currency is virtual currency The IRS definition of virtual currency is... a digital representation of value that functions as a medium of exchange, a unit of account,...

TAX SPECIALIST (HRB) – MILITARY TEST QUESTIONS AND ANSWERS 100% SOLVED What is basic pay? Basic military pay for various activities. What is special pay? Pay for career-specific activities. What is bonus pay? Additional pay based on various events. What is incentive pay? Pay for certain duty assignments. What is other pay? Pay not covered under previous types. What is included in basic pay? Active duty, service school attendance, back wages, cadet/midshipman pay, drills, reserve trai...

HRB Chapter 9 Test Questions with Correct Answers A credit paid for qualifying education expenses paid for eligible students. One restriction is that the expenses must be for the first four years of higher education. The AOTC may be partially refundable. - Answer-American Opportunity Tax Credit (AOTC) A direct reduction of tax liability allowed for various purposes to taxpayers who meet the qualifications. Some credits are refundable; that is, the IRS will send the taxpayer a refund for any ...