Exam (elaborations)
VITA Basic Test 2024/2025 already graded A+
- Course
- Institution
VITA Basic Test 2024/2025 already graded A+
[Show more]
Content preview
VITA Basic TestCalvin has qualifying health insurance coverage (also known as minimum essential coverage)
as defined under the Affordable Care Act. - ANSTrue
Calvin and Betty may need to make a shared responsibility payment on their joint return if they
don't qualify for an exemption. - ANSTrue
Who can claim the American opportunity credit? - ANSDana can claim the credit because Tom
is her dependent.
Dana's most advantageous allowable filing status is: - ANSHead of Household
Who can Bob claim as a qualifying child(ren) for the earned income credit? - ANSBob can claim
Sara, but not Joan.
Who can claim Sara as a dependent? - ANSJoan can claim Sara because she is Sara's mother.
(Wrong)
Will may claim R.J. as a dependent on his tax return. - ANSTrue
Is Will able to claim R.J. as a qualifying child for the earned income credit (EIC)? - ANSNo,
because Will has an ITIN.
Which benefit(s) can Will claim on his tax return? (Choose the best answer) - ANSAll of the
above
What are the correct filing statuses? - ANSBoth John and Marsha must file as Single
Is it allowable for John and Marsha to each claim one qualifying child for the earned income
credit on their individual returns? - ANSNo
What amount of gambling winnings should be reported as other income on Linda's return? -
ANS$1,400
Based on her Married Filing Separately filing status, which education benefit is Linda eligible to
claim? - ANSShe does not qualify for any education benefit
What is Gordon's filing status on his 2017 tax return? - ANSSingle
The $25 of savings account interest is not required to be reported on the return since no Form
1099-INT was issued. - ANSFalse
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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)
71498 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now