ANSWERS 2026 GRADED A+
◉ The tax on income that comes entirely from wages under $100,000 is
determined according to the: A. Answer: a) Tax Tables
b) Tax Computation Worksheet
c) Qualified Dividends and Capital Gain Tax Worksheet
d) Schedule D Tax Worksheet
◉ Which of the following shows these numbers rounded correctly:
$31.43, $143.57, $369.22, $1,547.88. B. Answer: a) $32. $142. $368.
$1,547.
b) $31. $144. $369. $1,548.
c) $31. $142. $369. $1,547.
d) $32. $144. $368. $1,547.
◉ Which form is used by employers to report wages earned by their
employees? A. Answer: a) Form W-2
b) Form W-4
c) Form 1040
d) Form 1040A
, ◉ What is the exemption amount for 2017? B. Answer: a) $3,850
b) $4,050
c) $5,050
d) $6,050
◉ The following three factors determine the filing requirement for
nondependents: B. Answer: a) Marital status, age, and residency
b) Marital status, age, and gross income
c) Marital status, age, and taxable income
d) Marital status, age, and total deductions
◉ The standard deduction on an income tax return is determined by: C.
Answer: a) Citizenship
b) Residency
c) Filing status
d) Gross income
◉ The head of household filing status requires that a taxpayer maintain a
household for: A. Answer: a) A qualifying child, qualifying relative, or a
parent whom the taxpayer is allowed to claim as an exemption on their
tax return
b) At least one other person
c) A beloved family pet