Intuit Academy Tax Level 1 Exam Questions
and Answers with Detailed Rationales |
Verified | Graded A+
• What are the five individual tax filing statuses? -✓✓1. Single
2. Married filing jointly
3. Married filing separately
4. Head of household
5. Qualified widow or widower
• What's the significance of a tax filing status? -✓✓The taxpayer's tax
filing status can significantly effect their tax bill and which tax forms
they will need to fill out.
• Who might use the "single" tax filing status? -✓✓Unmarried people
who do not qualify for another filing status
• Who might use the "Married filing jointly" filing status? -✓✓Most
married couple
• Who might use the "Married filing separately" status? -✓✓Married
high earners, people who think their spouses may be hiding income, or
people whose spouses have tax liability
• Who might use "Head of household" status? -✓✓Unmarried people
paying at least half the cost of housing and support for others
• Who might use "Qualified widow or widower" filing status? -
✓✓People who lost a spouse and are supporting a child at home
• Who is considered "unmarried" for head of household filing status? -
✓✓- People who are not legally married
and Answers with Detailed Rationales |
Verified | Graded A+
• What are the five individual tax filing statuses? -✓✓1. Single
2. Married filing jointly
3. Married filing separately
4. Head of household
5. Qualified widow or widower
• What's the significance of a tax filing status? -✓✓The taxpayer's tax
filing status can significantly effect their tax bill and which tax forms
they will need to fill out.
• Who might use the "single" tax filing status? -✓✓Unmarried people
who do not qualify for another filing status
• Who might use the "Married filing jointly" filing status? -✓✓Most
married couple
• Who might use the "Married filing separately" status? -✓✓Married
high earners, people who think their spouses may be hiding income, or
people whose spouses have tax liability
• Who might use "Head of household" status? -✓✓Unmarried people
paying at least half the cost of housing and support for others
• Who might use "Qualified widow or widower" filing status? -
✓✓People who lost a spouse and are supporting a child at home
• Who is considered "unmarried" for head of household filing status? -
✓✓- People who are not legally married
