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HRB FINAL EXAM 2026 Actual Complete Real Verified
Exam Questions & Correct Answers (Verified
Answers) | Already Graded A+ | Newest Exam!!!
What four requirements must be met for an individual to
be claimed as a dependent - Answer-Must pass the
dependent test, joint return test, citizenship, qualifying
child or relative
What are the five tests for a qualifying child? - Answer-1.
Relationship 2. Age 3. Residency 4. Support 5. Joint
Return
How can a married individual meet the joint return test to
remain a qualifying child? - Answer-They can meet this
test by not filing a joint return with their spouse or they can
file a joint return with their spouse if they are filing only to
claim a refund on any taxes withheld
How can you determine who paid more than half of a
person's support? - Answer-Total support is determined
and reduced by the funds received by and for the person
from all sources other than the taxpaer. The remaining
support is considered to be provided by the taxpayer.
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Other sources might include government support
Worksheet for Determining Support
What happens if an individual is a qualifying child of more
than one taxpayer? - Answer-Generally, the custodial
parent is the one in which the child spent the most nights
What happens when more than one taxpayer claims the
same qualifying child? - Answer-Tie Breaker Rules apply :
1. The parent, if only one of the persons is the childs
parent 2. The parent with whom the child lived the longest
during the tax 3. The parents with the highest AGI if no
parent can claim the child as a qualifying child
What is the Difference between earned income and
unearned income? - Answer-Earned income is received
for services performed. Examples are wages
commissions, tips and generally farming and other
business income . Taxable income other than that received
for services performed. Unearned Income includes money
received ro the investment of money or other property,
such as interest, dividends, and royalties. It also includes
pensions alimony, unemployment compensation and other
income that is not earned
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If an employee thinks their Form W2 is incorrect, what
should they do? - Answer-Employee should discuss with
employer who issued the document and request a W2C. If
no help from employer, notify IRS. Tax prepaper can then
file a substitute.
What information do you need to know to determine
whether a taxpayer is required to file a return? - Answer-
Gross income, filing status, age and if they are a
dependent
For tax purposes, when is a person's marital status
determined? - Answer-On the last day of the tax year
Where on the tax form can you find the regular standard
deduction amounts? - Answer-Line 22 on 1040A, In the
left margin at the top of the page 2 of forms 1040 and
1040A. Look at actual form to look for line
How much is added to the standard deduction if the
taxpayer (or spouse is age 65 or older, or blind? - Answer-
$1550 if unmarried, $1250 if married
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What is the personal exemption amount for 2016? -
Answer-$4,050
What two amounts are combined to make up the gross
income filing requirments for most taxpayers? - Answer-
The standard deduction and the personal exemption
amounts
Under what circumstances might a taxpayer be required to
file a return even though they do not meet the gross
income filing requirements? - Answer-1. Has net
employment of $400 or more net self employment 2. You
had unemployment income you owe medicare Advantage
MSA, receive HAS, Archer, MSA 3. Reeived an Advanced
Premium Tax credit even if they didn't otherwise have a
filing requirment for the year *Tips, HSA, SE $400, PTC
What is the difference between injured spouse allocation
and innocent spouse relief? - Answer-The difference
between injured spouse and innocent spouse is significant
in the eyes of the IRS. Both release you from an income
tax liability arising from a "married filing jointly" return but
different outcomes. Innocent spouse filed a joint return byt
was unaware that their spouse deliberately under reported
tax liability. Injured spouse seeks to protect his or her
HRB FINAL EXAM 2026 Actual Complete Real Verified
Exam Questions & Correct Answers (Verified
Answers) | Already Graded A+ | Newest Exam!!!
What four requirements must be met for an individual to
be claimed as a dependent - Answer-Must pass the
dependent test, joint return test, citizenship, qualifying
child or relative
What are the five tests for a qualifying child? - Answer-1.
Relationship 2. Age 3. Residency 4. Support 5. Joint
Return
How can a married individual meet the joint return test to
remain a qualifying child? - Answer-They can meet this
test by not filing a joint return with their spouse or they can
file a joint return with their spouse if they are filing only to
claim a refund on any taxes withheld
How can you determine who paid more than half of a
person's support? - Answer-Total support is determined
and reduced by the funds received by and for the person
from all sources other than the taxpaer. The remaining
support is considered to be provided by the taxpayer.
,2|Page
Other sources might include government support
Worksheet for Determining Support
What happens if an individual is a qualifying child of more
than one taxpayer? - Answer-Generally, the custodial
parent is the one in which the child spent the most nights
What happens when more than one taxpayer claims the
same qualifying child? - Answer-Tie Breaker Rules apply :
1. The parent, if only one of the persons is the childs
parent 2. The parent with whom the child lived the longest
during the tax 3. The parents with the highest AGI if no
parent can claim the child as a qualifying child
What is the Difference between earned income and
unearned income? - Answer-Earned income is received
for services performed. Examples are wages
commissions, tips and generally farming and other
business income . Taxable income other than that received
for services performed. Unearned Income includes money
received ro the investment of money or other property,
such as interest, dividends, and royalties. It also includes
pensions alimony, unemployment compensation and other
income that is not earned
,3|Page
If an employee thinks their Form W2 is incorrect, what
should they do? - Answer-Employee should discuss with
employer who issued the document and request a W2C. If
no help from employer, notify IRS. Tax prepaper can then
file a substitute.
What information do you need to know to determine
whether a taxpayer is required to file a return? - Answer-
Gross income, filing status, age and if they are a
dependent
For tax purposes, when is a person's marital status
determined? - Answer-On the last day of the tax year
Where on the tax form can you find the regular standard
deduction amounts? - Answer-Line 22 on 1040A, In the
left margin at the top of the page 2 of forms 1040 and
1040A. Look at actual form to look for line
How much is added to the standard deduction if the
taxpayer (or spouse is age 65 or older, or blind? - Answer-
$1550 if unmarried, $1250 if married
, 4|Page
What is the personal exemption amount for 2016? -
Answer-$4,050
What two amounts are combined to make up the gross
income filing requirments for most taxpayers? - Answer-
The standard deduction and the personal exemption
amounts
Under what circumstances might a taxpayer be required to
file a return even though they do not meet the gross
income filing requirements? - Answer-1. Has net
employment of $400 or more net self employment 2. You
had unemployment income you owe medicare Advantage
MSA, receive HAS, Archer, MSA 3. Reeived an Advanced
Premium Tax credit even if they didn't otherwise have a
filing requirment for the year *Tips, HSA, SE $400, PTC
What is the difference between injured spouse allocation
and innocent spouse relief? - Answer-The difference
between injured spouse and innocent spouse is significant
in the eyes of the IRS. Both release you from an income
tax liability arising from a "married filing jointly" return but
different outcomes. Innocent spouse filed a joint return byt
was unaware that their spouse deliberately under reported
tax liability. Injured spouse seeks to protect his or her
