VITA Basic Exam | Questions with 100% Correct Answers | Verified | Updated Question : Bobbie is eligible for the following credit: American Opportunity Credit Lifetime learning credit earned income credit
Correct answer: ???
Question : Bobbie can claim the student loan interest
deduction on his tax return.true false
Correct answer: false
Question : What is the total amount of federal income tax
withholding shown on theJones' Form(s) W-2 and 1099?$6100 5200 2700
Correct answer: ????
Question : Which of the following statements are true?
Qualified dividends are reported on Form 1099-DIV.Qualified dividends are part of the total ordinary dividends.Qualified dividends qualify for lower, long-term capital gains tax rates.
Correct answer: ????
Question : Mary's most advantageous filing status is: Married filing separately head of household
Correct answer: ???
Question : Mary qualifies for which of the following credits?
both a and b
Correct answer: ???
Question : What is the most advantageous filing status
allowable that Joe can claim on his taxreturn for 2021?
Correct answer: Head of Household
Question : Joe can claim a higher standard deduction because
he is blind.
Correct answer: True
Question : Chris and Marcie cannot claim the Earned Income
Tax Credit (EITC) because theyare too young and have no qualifying children.
Correct answer: false
Question : Chris and Marcie must claim the EIP3 of $2,800 as
taxable income on their 2021 taxreturn.
Correct answer: false
Question : Which of the Reynolds children qualifies for the
child tax credit (CTC)?
Correct answer: Laura and Timothy
Question : Archie and Tina will not itemize deductions but
can deduct the full amount of theircharitable contribution.
Correct answer: false
Question : The Brooks qualify for the Credit for Other
Dependents.
Correct answer: True
Question : The Brooks qualify for the Earned Income Tax
Credit.
Correct answer: false
Question : Alan cannot claim the Earned Income Tax Credit
because his age is more than theage limit.
Correct answer: False
Question : . Alan must take a required minimum distribution
in 2021.