Vita Basic Exam | Questions With 100% Correct Answers | Verified | Updated 2023/2024

Mary's most advantageous filing status is: {Ans: Married filing separately head of household ???}What amount can Mary claim as an adjustment for the supplies she purchased outof pocket? {Ans: $250}The Brooks qualify for the Earned Income Tax Credit. {Ans: false}Fred and Wilma Jones can claim the Credit for Other Dependents. {Ans: True}Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 taxreturn. {Ans: false}Archie and Tina will not itemize deductions but can deduct the full amount of theircharitable contribution. {Ans: false}Bobbie can claim the student loan interest deduction on his tax return. {Ans: true false}Joe can claim a higher standard deduction because he is blind. {Ans: True}Mary qualifies for which of the following credits? {Ans: both a and b}The Brooks qualify for the Credit for Other Dependents. {Ans: True}Mary wants to split the refund between her savings and checking accounts. How isthis accomplished, if possible? {Ans: Complete Form 8888, Allocation of Refund (Including Savings Bond Purchases).}Which of the following statements are true? {Ans: Qualified dividends are reported on Form 1099-DIV. Qualified dividends are part of the total ordinary dividends. Qualified dividends qualify for