VITA Basic Exam All Possible Questions and Answers with complete solution
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Course
VITA
Institution
VITA
What is the most advantageous filing status allowable that Joe can claim on his taxreturn for 2021? -
Answer Head of Household
Joe can claim a higher standard deduction because he is blind. - Answer True
Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too young ...
VITA Basic Exam What is the most advantageous filing status allowable that Joe can claim on his taxreturn for 2021? - Answer Head of Household Joe can claim a higher standard deduction because he is blind. - Answer True Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too young and have no qualifying children. - Answer false Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 taxreturn. - Answer false Which of the Reynolds children qualifies for the child tax credit (CTC)? - Answer Laura and Timothy Archie and Tina will not itemize deductions but can deduct the full amount of theircharitable contribution. - Answer false The Brooks qualify for the Credit for Other Dependents. - Answer True The Brooks qualify for the Earned Income Tax Credit. - Answer false Alan cannot claim the Earned Income Tax Credit because his age is more than theage limit. - Answer False . Alan must take a required minimum distribution in 2021. - Answer false Bobbie can exclude his unemployment compensation on his 2021 tax return. - Answer False Bobbie is eligible for the following credit: - Answer American Opportunity Credit Lifetime learning credit
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