Qualifying child tests - Study guides, Class notes & Summaries
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HRB FINAL EXAM 2023-2024 COMPLETE QUESTIONS AND ANSWERS ASSURED A+.
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HRB FINAL EXAM COMPLETE QUESTIONS AND ANSWERS ASSURED A+. 
What is the Difference between earned income and unearned income? - Answer 
Earned income is received for services performed. Examples are wages 
commissions, tips and generally farming and other business income . Taxable 
income other than that received for services performed. Unearned Income includes 
money received ro the investment of money or other property, such as interest, 
dividends, and royalties. It also includes pensions ali...
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H&R Block 2023 Scenarios Questions With Complete Solutions
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Carolyn earned $52,000 as a full-time employee in 2018. Due to procrastination and denial, she did not prepare her 2018 income tax return until June 23, 2019. Carolyn did not file the return until August 1, 2019. She did not request an extension of time to file. Her return showed a balance due of $1,500. What is her penalty? correct answer: The IRS assesses a late filing penalty for four months. Carolyn's penalty is $300 [5% x 4 x $1,500]. 
 
Julie filed her 2018 income tax return on April 15,...
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HRB FINAL EXAM |Complete Questions with 100% Correct Answers
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HRB FINAL EXAM |Complete Questions with 100% Correct Answers 
What is the Difference between earned income and unearned income? 
Earned income is received for services performed. Examples are wages commissions, tips and generally farming and other business income . Taxable income other than that received for services performed. Unearned Income includes money received ro the investment of money or other property, such as interest, dividends, and royalties. It also includes pensions alimony, unemp...
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H&R Block Final review 2024 GRADED A
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Tony (28) and Adam (27) are cousins and lived in the same home throughout 2017. Adam only earned $2,500 in 2017. Tony earned $25,000 in 2017. 
 
What test does he meet? 
Adam meets the relationship and member of household test for Tony, since Adam lived with Tony the entire year. 
Tony may be able to claim Adam as a qualifying relative dependent. 
Note: Being cousins alone will not meet the relationship test for qualifying relative, because a cousin is not listed as a specific relative relations...
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HRB FINAL EXAM WITH COMPLETE SOLUTIONS
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HRB FINAL EXAM WITH COMPLETE SOLUTIONS 
What is the Difference between earned income and unearned income? - Answer ️️ -Earned 
income is received for services performed. Examples are wages commissions, tips and generally 
farming and other business income . Taxable income other than that received for services 
performed. Unearned Income includes money received ro the investment of money or other 
property, such as interest, dividends, and royalties. It also includes pensions alimony, 
unempl...
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RTRP Exam questions and answers 2024
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"Considered unmarried" 
- Files separate return 
- TP pays >1/2 upkeep home 
- TP's spouse did not live in home last 6 mos 
- TP's home main home for qualifying child for 
>1/2 year 
- TP is eligible to claim regardless of whether 
dependency exemption is actually claimed 
 
 
 
U.S Citizen 
Person born in U.S. 
Born outside U.S. where one parent is U.S. 
citizen at time of birth 
Naturalized citizen 
 
 
 
Automatic 2 month extension to file 
TPs living outside the U.S. and Puerto Ric...
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H&R Block Income Tax Course Final Exam || All Questions & Answers (Graded 100%)
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H&R Block Income Tax Course Final Exam || All Questions & Answers (Graded 100%) 
H&R Block Income Tax Course Final Exam || All Questions & Answers (Graded 100%) 
 
What is the Difference between earned income and unearned income? - ANSWER - Earned income is received for services performed. Examples are wages commissions, tips and generally farming and other business income . Taxable income other than that received for services performed. Unearned Income includes money received ro the investment ...
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LSU ACCT 3221 Chapter 2 | Questions and Answers
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LSU ACCT 3221 Chapter 2 | Questions and Answers True/False: The federal individual income tax returns are the 1040ES, 1040A and 1040. False True/False: The tax code defines adjusted gross income (AGI) as gross income minus a list of permitted deductions. True True/False: The amount of tax liability for a taxpayer depends on many factors, including the filing status of the taxpayer. True True/False: A married couple can file a joint return if they are married and if both have earned income. Fal...
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HRB FINAL EXAM 2023-2024 COMPLETE QUESTIONS AND ANSWERS ASSURED A+.
- Exam (elaborations) • 23 pages • 2023
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- $12.99
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HRB FINAL EXAM COMPLETE QUESTIONS AND ANSWERS ASSURED A+. 
What is the Difference between earned income and unearned income? - Answer 
Earned income is received for services performed. Examples are wages 
commissions, tips and generally farming and other business income . Taxable 
income other than that received for services performed. Unearned Income includes 
money received ro the investment of money or other property, such as interest, 
dividends, and royalties. It also includes pensions ali...
-
HRB FINAL EXAM 2023-2024 COMPLETE QUESTIONS AND ANSWERS ASSURED A+.
- Exam (elaborations) • 23 pages • 2023
-
- $12.99
- + learn more
HRB FINAL EXAM COMPLETE QUESTIONS AND ANSWERS ASSURED A+. 
What is the Difference between earned income and unearned income? - Answer 
Earned income is received for services performed. Examples are wages 
commissions, tips and generally farming and other business income . Taxable 
income other than that received for services performed. Unearned Income includes 
money received ro the investment of money or other property, such as interest, 
dividends, and royalties. It also includes pensions ali...
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