And dependent credits Study guides, Class notes & Summaries

Which of the following is a requirement for all taxpayers who want to claim the EIC? Live in the U.S. for more than half a year. Have a valid social security number. Have a qualifying child dependent. Have AGI less than $21,430 ($27,380 MFJ). Correct Answer Have a valid social security number. A combined due diligence penalty of $2,180 would indicate a penalty for which of the following? EIC, CTC/ODC/ACTC, and head of household. EIC, AOTC, and CTC/ODC/ACTC. EIC, AOTC, CTC/ODC/ACTC,...

Which of the following is considered earned income? C correct answer: a) Interest from a bank b) Unemployment compensation c) Income from farming d) Gambling winnings The tax on income that comes entirely from wages under $100,000 is determined according to the: A correct answer: a) Tax Tables b) Tax Computation Worksheet c) Qualified Dividends and Capital Gain Tax Worksheet d) Schedule D Tax Worksheet Which of the following shows these numbers rounded correctly: $31.43, $143.57, $...

Test Bank for Neuroscience 6th Edition by Dale Purves, George J. Augustine, David Fitzpatrick, William C. Hall, Anthony-Samuel LaMantia, Richard D. Mooney, Michael L. Platt, Leonard E. White. Get all 34 Chapters Test Bank. Table of Contents Preface 1. Studying the Nervous System Unit I. Neural Signaling 2. Electrical Signals of Nerve Cells 3. Voltage-Dependent Membrane Permeability 4. Ion Channels and Transporters 5. Synaptic Transmission 6. Neurotransmitters and Their Receptors 7. Molecular Sig...

HUD Exam Prep Questions and Answers 100% Pass Conventional Loan - Correct Answer ️️ -Front end 28% Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms FHA - Correct Answer ️️ -Front end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to income ratio. EEM (Energy) FHA - Correct Answer ️️ -Front end 33% Back end 45% VA - Correct Answer ️️ -41% USDA -...

H&R BLOCK QUESTIONS AND ANSWERS ALREADY PASSED Where should unemployment compensation be reported on Form 1040? Schedule 1, line 7 What form is used to report long-term disability benefits to the taxpayer? 1099-R Which of the following nondependent taxpayers is NOT eligible to claim the student loan interest deduction? A taxpayer filing married filing separately Which qualifying child requirement does Morris fail? Morris, the potential dependent, is a single 20-year-old man. He is a ...

RI Pre-Licensing Life & Health Insurance Questions and Answers 100% Pass In the event that an insured's premium is not paid by the due date, the result will be... Coverage will continue for not more than a maximum of 31 days, beyond which time the policy will lapse A Medicare Supplement policy may be cancelled for which of the following reasons? The insured fails to pay the premium Which type of insurance company allows their policy owners to elect a governing body? Mutual When...

NUR 101- Unit 1 practical role of nursing - correct answer professional role, dependent of RN or DR. Does not write care plan, only performs task Nursing Practice Act - correct answer rules that LPN follows? Scope of practice NCBON - correct answer elected every 2yrs. Controls and defines each criterion for medical staff agency/facility - correct answer can restrict you in what your scope of practice is but cannot make you do extra outside of scope 7 components of practical nurse - ...

HR BLOCK Final Test Review (ITC 2022-23) || Questions & Answers (100% Verified) HR BLOCK Final Test Review (ITC 2022-23) || Questions & Answers (100% Verified) Which of the following is a requirement for all taxpayers who want to claim the EIC? Live in the U.S. for more than half a year. Have a valid social security number. Have a qualifying child dependent. Have AGI less than $21,430 ($27,380 MFJ). - ANSWER - Have a valid social security number. A combined due diligence penalty of ...

Types of Credit Used - ANSWER-Student loan or credit cards only FAKO scores - ANSWER-purchase score which are educational score Fair Credit Reporting Act FCRA - ANSWER-what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA - ANSWER-free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA) - ANSWER-dispute bill error/mail 60 days/creditor 30 days acknowledge and 90 d...

Define each component of the individual income tax formula - income from whatever source derived exclusions=any item of income that the tax laws says is not taxable gross income=all income received in cash, property, and services from whatever source derived and from which the taxpayer derives a direct economic benefit deductions for AGI=expense one would see on an income statement (wages, repairs, depreciation) and some nonbusiness deductions (alimony, moving expenses, IRA contributions) ...