100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
VITA Basic Exam 2024/2025 already graded A+ $12.99   Add to cart

Exam (elaborations)

VITA Basic Exam 2024/2025 already graded A+

 1 view  0 purchase
  • Course
  • VITA Certification
  • Institution
  • VITA Certification

VITA Basic Exam 2024/2025 already graded A+

Preview 1 out of 2  pages

  • January 29, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • vita certification
  • VITA Certification
  • VITA Certification
avatar-seller
Ashley96
VITA Basic Exam

What is the most advantageous filing status allowable that Joe can claim on his taxreturn for
2021? - ANSHead of Household

Joe can claim a higher standard deduction because he is blind. - ANSTrue

Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too young
and have no qualifying children. - ANSfalse

Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 taxreturn. -
ANSfalse

Which of the Reynolds children qualifies for the child tax credit (CTC)? - ANSLaura and Timothy

Archie and Tina will not itemize deductions but can deduct the full amount of theircharitable
contribution. - ANSfalse

The Brooks qualify for the Credit for Other Dependents. - ANSTrue

The Brooks qualify for the Earned Income Tax Credit. - ANSfalse

Alan cannot claim the Earned Income Tax Credit because his age is more than theage limit. -
ANSFalse

. Alan must take a required minimum distribution in 2021. - ANSfalse

Bobbie can exclude his unemployment compensation on his 2021 tax return. - ANSFalse

Bobbie is eligible for the following credit: - ANSAmerican Opportunity Credit
Lifetime learning credit
earned income credit

???

Bobbie can claim the student loan interest deduction on his tax return. - ANStrue
false

Fred and Wilma Jones can claim the Credit for Other Dependents. - ANSTrue

What is the total amount of federal income tax withholding shown on theJones' Form(s) W-2 and
1099? - ANS$6100

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Ashley96. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart