Vita Basic Course Scenarios And Test Questions 16 Correctly Answered Questions Latest Update

Linda does not need to make a shared responsibility payment because she qualifies for an exemption under the short coverage gap criteria {Ans: TRUE}What is the amount of Ellen's Standard deduction? {Ans: $18,000}What form must be used to split Jacob and Martha's refund? {Ans: Form 8888, Allocation of Refund (Including Savings Bond Purchases)}How much of Martha and Jacob's Social Security is taxable {Ans: $7,169}Who can claim Mark and Kevin as qualifying children for earned income credit? {Ans: Mathew}Ava cannot claim her son for the earned income credit because he did not live with her for more than half the year and does not meet the residency test. {Ans: FALSE, attendance at school is considered temporary absence and this time is counted as time that her child lived with her.}What actions should George and Helen take to prevent having a balance due next year? {Ans: Both A & B (THEY SHOULD USE THE WITHHOLDING CALCULATOR, THEY SHOULD ADJUST THEIR FORM W-4 TO INCREASE WITHHOLDING)}What is the total credit amount shown on Form 2441, Child and Dependent Care Expenses? {Ans: $660}David is Ava's qualifying person for which of the following? (select all that apply)