Vita 2021 Advanced Test Study Guide Questions And Correct Answers

$1,800 {Ans: 26. What is the total amount of advanced premium tax credit that Cynthia received in 2021?}Head of Household {Ans: 30. What is Richard's most advantageous filing status?}$3,500 {Ans: 5. How much of the child care expenses can be used to claim the child and dependent care credit?}False {Ans: 18. Gilbert is eligible to deduct $500 as an adjustment to income on Form 1040, Schedule 1 for qualified educator expenses.}$300 {Ans: 3. What amount may Karen deduct as a charitable contribution when filing her 2021 tax return?}False {Ans: 10. Jenny is not eligible to claim Marie for the earned income credit because her filing status is Married Filing Separate.}IDK {Ans: 20. The total qualified expenses for the American Opportunity Credit are $ _________.}Barbara and Jenny {Ans: 9. For the purpose of determining dependency, Marie meets the conditions to be the qualifying child of _______________.}400 {Ans: 27. What is the amount of Cynthia's lifetime learning credit? $_______________.}$650 {Ans: 23. What is the net short term capital gain reported on Cynthia's Schedule D?}True {Ans: 11. Michael's mortgage insurance premium of $230 can be claimed as an itemized deduction on his