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H & R Block Study quiz ch 1-11 Test(QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
Which of the following dependent relatives does not have to live in the same household with the taxpayer at any time during the year to qualify the taxpayer for head of household status? Aunt,mother,brother, married child? - ANSWER Mother Ronald and Sue Dobbins, a married couple, were both 61 years old when Ronald died on January 1, 2017. Sue did not remarry. How many personal exemptions may Sue claim when filing her joint 2017 return? - ANSWER 2 Jennifer Searcy, a single mother, has three...
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- • 3 pages •
Which of the following dependent relatives does not have to live in the same household with the taxpayer at any time during the year to qualify the taxpayer for head of household status? Aunt,mother,brother, married child? - ANSWER Mother Ronald and Sue Dobbins, a married couple, were both 61 years old when Ronald died on January 1, 2017. Sue did not remarry. How many personal exemptions may Sue claim when filing her joint 2017 return? - ANSWER 2 Jennifer Searcy, a single mother, has three...
H&R Block Quiz Ch's 1-5 Test(QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
What is Gross Income? - ANSWER - Any money that you made or worked for that is subject to tax. Also, all world-wide income from whatever source derived, unless specifically excluded from taxation by law. ( Money realized in any form whether in money, property, or services.) Income - ANSWER Financial gain derived from labor(work), capital (money), or a combination of the two. The financial gain derived from labor is generally referred to as "wages". What is Earned Income? - ANSWER Financ...
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- • 2 pages •
What is Gross Income? - ANSWER - Any money that you made or worked for that is subject to tax. Also, all world-wide income from whatever source derived, unless specifically excluded from taxation by law. ( Money realized in any form whether in money, property, or services.) Income - ANSWER Financial gain derived from labor(work), capital (money), or a combination of the two. The financial gain derived from labor is generally referred to as "wages". What is Earned Income? - ANSWER Financ...
HRB-27 Final Exam(QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
What income reporting form should an independent contractor sometimes receive from the person who paid him for his services? - ANSWER Form 1099-MISC (15.6) Schedule C, Line F asks for the accounting method used in the business. What is the difference between the cash method and the accrual method of accounting? - ANSWER • Under the accrual method, total sales and total charges for services are included in income even though payment may be received in another tax year. • Under the cash ...
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- • 13 pages •
What income reporting form should an independent contractor sometimes receive from the person who paid him for his services? - ANSWER Form 1099-MISC (15.6) Schedule C, Line F asks for the accounting method used in the business. What is the difference between the cash method and the accrual method of accounting? - ANSWER • Under the accrual method, total sales and total charges for services are included in income even though payment may be received in another tax year. • Under the cash ...
H&R Block Quiz(QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
Why is the Payroll Calculator helpful in determining the effect of a 401K contribution on net pay? - ANSWER 401(k) contributions reduce the federal tax owed. What minimum balance must be maintained in the emergency fund in order to earn the trophy? - ANSWER $500 How can a participant earn the Perfect Pay trophy? - ANSWER Pay all of their bills in full and on time.
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- Exam (elaborations)
- • 3 pages •
Why is the Payroll Calculator helpful in determining the effect of a 401K contribution on net pay? - ANSWER 401(k) contributions reduce the federal tax owed. What minimum balance must be maintained in the emergency fund in order to earn the trophy? - ANSWER $500 How can a participant earn the Perfect Pay trophy? - ANSWER Pay all of their bills in full and on time.
HR Block Budget Challenge Quizzes (QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
Frank's electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Frank pays his electric bill on the 12th of the month? - ANSWER His payment is received after the due date but he will not be assessed a late fee because of the grace period. On the Budget Challenge Cash Flow Spreadsheet (CFS) (this file is downloadable on the "How to Play" page of the website), what column should interest earned from her checking account be entered?...
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- • 7 pages •
Frank's electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Frank pays his electric bill on the 12th of the month? - ANSWER His payment is received after the due date but he will not be assessed a late fee because of the grace period. On the Budget Challenge Cash Flow Spreadsheet (CFS) (this file is downloadable on the "How to Play" page of the website), what column should interest earned from her checking account be entered?...
H&R block budget quiz 3 (QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
How does credit utilization affect your credit score? - ANSWER Keeping credit utilization below 30% increases your score. Which would not be identifying information included in a credit report? - ANSWER Marital status What would be the most likely difference between loans offered to someone with a good credit score versus a loan offered to someone with an excellent score? - ANSWER The person with good credit will pay a higher interest rate than the person with excellent credit.
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- • 3 pages •
How does credit utilization affect your credit score? - ANSWER Keeping credit utilization below 30% increases your score. Which would not be identifying information included in a credit report? - ANSWER Marital status What would be the most likely difference between loans offered to someone with a good credit score versus a loan offered to someone with an excellent score? - ANSWER The person with good credit will pay a higher interest rate than the person with excellent credit.
AOL Exam (QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
Organizations can obtain software using one of two basic approaches: buy or build. Which of the following is an advantage of building software that reflects the goal of developing information systems that effectively align with business processes. - ANSWER Customized software is more likely to be a good match to an organization's needs. H&R Block's stated purpose is: to be the leading global consumer tax company bringing tax and related solutions to clients year round. Which type of AI s...
- Exam (elaborations)
- • 3 pages •
Organizations can obtain software using one of two basic approaches: buy or build. Which of the following is an advantage of building software that reflects the goal of developing information systems that effectively align with business processes. - ANSWER Customized software is more likely to be a good match to an organization's needs. H&R Block's stated purpose is: to be the leading global consumer tax company bringing tax and related solutions to clients year round. Which type of AI s...
IAAI CFI Study (QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
Combustible Liquid - ANSWER A liquid with a flash point ABOVE 100F 12.5 - ANSWER If the current flowing out from an electrical panel is 12.5 amps, and it then flows through an electrical load of 1500 watts, what is the amperage of the remaining current flow of the return circuit? 1000 - ANSWER If a hair dryer draws 8.3amps (in a home with 120-volt service), what is the wattage?
- Exam (elaborations)
- • 19 pages •
Combustible Liquid - ANSWER A liquid with a flash point ABOVE 100F 12.5 - ANSWER If the current flowing out from an electrical panel is 12.5 amps, and it then flows through an electrical load of 1500 watts, what is the amperage of the remaining current flow of the return circuit? 1000 - ANSWER If a hair dryer draws 8.3amps (in a home with 120-volt service), what is the wattage?
FIT Exam Prep IAAI (QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
NFPA 921 - ANSWER -Guide for Fire and Explosion Investigations 1.1 Scope - ANSWER -Designed to assist individuals investigating and analyzing fire and explosion incidents. 1.2 Purpose - ANSWER -The purpose of this document is to establish guidelines and recommendations for the safe and systematic investigation or analysis of fire and explosion incidents
- Exam (elaborations)
- • 1 pages •
NFPA 921 - ANSWER -Guide for Fire and Explosion Investigations 1.1 Scope - ANSWER -Designed to assist individuals investigating and analyzing fire and explosion incidents. 1.2 Purpose - ANSWER -The purpose of this document is to establish guidelines and recommendations for the safe and systematic investigation or analysis of fire and explosion incidents
Fire Instructor 1 TEST (QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
Giving the test to each student with consistent scoring - ANSWER A duty performed by the instructor during administration of a performance test is Some students may require tutoring or individual instruction - ANSWER Which statement is true? A. Different ability levels do not effect the amount of instructor time B. Students who are quick to learn always require less instructor time C. The fire service is exempt from providing specialized attention D. Some students may require tutoring or ...
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- • 22 pages •
Giving the test to each student with consistent scoring - ANSWER A duty performed by the instructor during administration of a performance test is Some students may require tutoring or individual instruction - ANSWER Which statement is true? A. Different ability levels do not effect the amount of instructor time B. Students who are quick to learn always require less instructor time C. The fire service is exempt from providing specialized attention D. Some students may require tutoring or ...
Alpha Phi Alpha risk management 2024 Latest Questions and Answers (Verified by Expert)
Fire Instructor 1 Final Exam (QUESTIONS WITH 100% CORRECT ANSWERS )(2024 / 2025) (Verified by Experts)
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A&P 2 Final Exam 2024 Latest Questions and Answers (Verified by Expert)
2024 Portage Learning Anatomy & Physiology II: Lab 7 Exam Latest | A+ GOLD RATED |Questions and Answers (Verified by Expert)
Portage Learning Anatomy Physiology II: Lab 8 Exam 2024 Latest Questions and Answers (Verified by Expert)