100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
VITA ADVANCED EXAM | CORRECTLY ANSWERED AND GRADED A+ | 2024/2025 GUIDE $8.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Vita
  4.  
  5. Vita

Exam (elaborations)

VITA ADVANCED EXAM | CORRECTLY ANSWERED AND GRADED A+ | 2024/2025 GUIDE
 0 view  0 purchase
  • Course
  • Vita
  • Institution
  • Vita

VITA ADVANCED EXAM | CORRECTLY ANSWERED AND GRADED A+ | 2024/2025 GUIDE VITA ADVANCED EXAM | CORRECTLY ANSWERED AND GRADED A+ | 2024/2025 GUIDE

Preview 2 out of 6  pages

Document information

  • September 26, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • Vita
  • Vita

Seller

avatar-seller
NurseMeg

Reviews received

Content preview

VITA ADVANCED EXAM | CORRECTLY
ANSWERED AND GRADED A+ |
2024/2025 GUIDE

1. Robert is eligible to claim the donation to his friend's
GoFundMe account as a charitable contribution.
- Correct Answer - FALSE


2. Robert qualifies for an above-the-line charitable contribution
adjustment of $300 on his 2020 tax return if he chooses not to
itemize.
- Correct Answer - FALSE


3. Carly can claim $3,960 as a student loan interest deduction on
Form 1040, Schedule 1.
- Correct Answer - FALSE


4. Carly is eligible to deduct $250 as an adjustment to income on
Form 1040, Schedule 1 for qualified educator expenses.
- Correct Answer - FALSE

, 5. The Franklins can use $ ___________ of qualified child care
expenses to calculate the child and dependent care credit.
- Correct Answer - 1500


6. The refundable amount of the American opportunity credit
located on Form 8863, Education Credit is:
- Correct Answer - 918


7. The Franklins' Form 8962, Premium Tax Credit, shows they are
entitled to a net premium tax credit on their 2020 tax return.
- Correct Answer - TRUE


8. The Franklins can claim a recovery rebate credit of $1,200 for
Christina on their 2020 tax return.
- Correct Answer - FALSE


9. What is the amount of the earned income credit on the
Franklins' Form 1040?
- Correct Answer - NOT SURE


10. The Kennedys' standard deduction for tax year 2020 is:
- Correct Answer - 28700

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 NurseMeg. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $8.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75619 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
$8.49
  • (0)
  Add to cart