Hr Block Income Tax Course 1-6 Exam Questions And Answers

British common law {Ans: Most states regarding the ownership and property are based on British common law, these are known as separate property states. in separate property states, income received belongs to the spouse who earned it or who owns the property that produced the income.}Medicare tax rate {Ans: 1.45% or 1.45% + 0.9% if the income is over 200,000}Form 4852 {Ans: Substitute for w-2 and tax statement l, or 1099-R} {Ans: }social Security tax withheld {Ans: 6.2% up to 118,500 or 7347.00}Firm 1095B {Ans: Provided by the insurance provider to the taxpayer}