Vita Retest Basic Scenario Questions With 100% Correct Answers | Latest Update 2024 | Verified

Linda must make a shared responsibility payment because she did not have qualified healthcare coverage all year {Ans: FALSE}George and Helen should not file their tax return until they can pay the entire balance due {Ans: FALSE}The taxable amount of Jacob and Martha's Social Security income is $26,350 {Ans: FALSE}Emily qualifies for the American opportunity credit {Ans: FALSE}What is Emily's total credit amount shown on Form 2441, Child and Dependent Care Expenses? {Ans: $660}There is nothing George and Helen can do to prevent having a balance due next year {Ans: FALSE}Jacob and Martha must use Form 8888, Allocation of Refund (Including Savings Bond Purchases), to split their refund between their checking and savings accounts {Ans: TRUE}The maximum amount of additional child tax credit Ellen is able to claim per qualifying child is $1,400 {Ans: TRUE}Ashley's correct filing status is Single {Ans: FALSE}Jacob and Martha have an increased standard deduction for their filing status because they are both 65 years old {Ans: TRUE}Jennifer is a qualifying child for the child tax credit {Ans: TRUE}Emily can claim an exemption on her 2018 tax return for not having healthcare coverage for 2