Form 8863 - Study guides, Class notes & Summaries

VITA EXAM QUESTIONS AND ANSWERS 1. Rebecca's most beneficial allowable filing status is Head of Household. - ANS false 2. Rebecca has $_______ in qualifying child care expenses for the child and dependent care credit.. - ANS 2500 3. Pat and Terri are only eligible to claim the child tax credit on their 2020 tax return. - ANS false 4. The taxable amount of Pat's unemployment compensation is $_________? - ANS 3300 5. Medicaid waiver payments can be considered earn...

VITA| 70 Questions | Correct Answers| 1. Rebecca's most beneficial allowable filing status is Head of Household. - ANSWER false 2. Rebecca has $_______ in qualifying child care expenses for the child and dependent care credit.. - ANSWER 2500 3. Pat and Terri are only eligible to claim the child tax credit on their 2020 tax return. - ANSWER false 4. The taxable amount of Pat's unemployment compensation is $_________? - ANSWER 3300 5. Medicaid waiver payments can be considered earn...

1. Rebecca's most beneficial allowable filing status is Head of Household. - false 2. Rebecca has $_______ in qualifying child care expenses for the child and dependent care credit.. - 2500 3. Pat and Terri are only eligible to claim the child tax credit on their 2020 tax return. - false 4. The taxable amount of Pat's unemployment compensation is $_________? - 3300 5. Medicaid waiver payments can be considered earned income for the computation of the earned income credit. - true 6. Andr...

VITA Exam Questions and Answers | Verified and Updated 1. Rebecca's most beneficial allowable filing status is Head of Household. -Answer-false 2. Rebecca has $_______ in qualifying child care expenses for the child and dependent care credit.. -Answer-2500 3. Pat and Terri are only eligible to claim the child tax credit on their 2020 tax return. -Answer- false 4. The taxable amount of Pat's unemployment compensation is $_________? -Answer-3300 5. Medicaid waiver payments can be conside...

American Opportunity Credit (AOC) - ANSWER-Credit for qualifying education expenses available for tax years 2009 and 2010. The AOC may be partially refundable. Hope Credit - ANSWER-• A nonrefundable credit of up to $1,800 per qualified student for TUITION and FEES paid for the FIRST TWO YEARS of post-secondary education. • Midwestern disaster area student, see Form 8863. NOTE: For years 2009 and 2010, the Hope credit is replaced by the American Opportunity Credit (the Hope credit may ap...

1. Rebecca's most beneficial allowable filing status is Head of Household. - correct answer false 2. Rebecca has $_______ in qualifying child care expenses for the child and dependent care credit.. - correct answer 2500 3. Pat and Terri are only eligible to claim the child tax credit on their 2020 tax return. - correct answer false 4. The taxable amount of Pat's unemployment compensation is $_________? - correct answer 3300 5. Medicaid waiver payments can be considered earned incom...

1 H & R BLOCK MIDTERM REVIEW EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Some types of income do not need to be reported anywhere on a federal tax return. This includes all of the following EXCEPT: A.) Most medical insurance proceeds B.) Worker's compensation paid to an employee who was injured on the job. C.) Welfare benefits D.) Unemployment compensation Correct Answer: D.) Unemployment compensation Which of the following is considered earned income? A.)...

VITA Questions and Answers 100% Correct What is the most beneficial filing status allowable for Rebecca? a. Single b. Married filing jointly c. Head of Household d. Qualifying Widow(er) Qualifying Widow(er) T or F: Rebecca has $3,100 in qualifying child care expenses for the child and dependent care credit False Pat and Terry are eligible for which of the following credits? Select the best answer a. Credit for other dependents b. Child tax credit c. Earned income credit d. Both a and b ...

Circular 230 - Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - The release of tax information by an IRS employee. Due Diligence - Requirements that tax professionals must follow when preparing income tax returns. Noncompliance - Failure or refusal to comply with the tax code. Privilege - Protection from being required to disclose confidential communications between two parties, suc...

Enrolled Agent SEE Part 3 Questions And Answers With Verified Solutions Already Passed!!!