H&R Block Income Tax Course | 2026 Latest
Update | Complete Questions and Answers
Guide | 100% Correct | Grade A+
‣ Chap. 1: Which of the following is earned income?
A. Dividends.
B. Graduation gift from parents.
C. self-employed business income.
D. Social Security payments. C. self-employed business income.
‣ Chap. 1: After a return is completed, what are the methods used to submit your
return to the IRS? Choose all that apply.
A. E-file.
B. Email.
C. U.S. Mail.
D. Fax A. E-file.
C. U.S. Mail.
‣ Chap. 1: The Tax Table is used by taxpayers whose taxable income are less than
$100000. A. True
B. False
‣ Chap. 1: Using Form 1040, U.S. Individual Income Tax Return, arrange the list in
order from top to bottom as they appear on the form. - Filing Status
- Spouse's social security number.
- Home address (number and street).
- State
‣ Chap. 1: Larry (37) has a savings account at a local bank. He earned $157 in
interest in 2022. He can expect to receive Form _______________ from the bank
to file his 2022 tax return. 1099-INT
, ‣ Chap. 1: When filing a tax return for a deceased taxpayer, the surviving spouse
will need to file Form 1310, a Statement of Person Claiming a Refund Due to a
Deceased Taxpayer, to claim a refund.False
‣ Chap. 1: Which of the following statements is correct about interest?
A. Total interest of more than $1,500 from all sources must be reported on
Schedule B.
B. Credit Unions often call interest on deposits "dividends."
C. The amount of a penalty on early withdrawal of savings may be more than the
total amount of interest income received by the taxpayer.
D. U.S. Savings Bond & other Treasury obligation interest is taxable on the federal
return and all state returns.
E. Taxpayers will receiv A. Total interest of more than $1,500 from all sources
must be reported on Schedule B.
B. Credit Unions often call interest on deposits "dividends."
C. The amount of a penalty on early withdrawal of savings may be more than the
total amount of interest income received by the taxpayer.
E. Taxpayers will receive a form 1099-INT, Interest Income, from their financial
institution if the total interest is $10 or more.
-----------------------------------------------------------------
It is important to be knowledgeable about interest income so that you can ask the
taxpayer appropriate questions. U.S. Savings Bond and other Treasury obligation
interest is never taxable on a state return and state bonds and state obligations are
never taxable on a federal return.
‣ Chap. 1: John & Christy Shephard are married; and they received the following
income for the year: Choose all that are considered unearned income.
A. Wages: $70,500
Update | Complete Questions and Answers
Guide | 100% Correct | Grade A+
‣ Chap. 1: Which of the following is earned income?
A. Dividends.
B. Graduation gift from parents.
C. self-employed business income.
D. Social Security payments. C. self-employed business income.
‣ Chap. 1: After a return is completed, what are the methods used to submit your
return to the IRS? Choose all that apply.
A. E-file.
B. Email.
C. U.S. Mail.
D. Fax A. E-file.
C. U.S. Mail.
‣ Chap. 1: The Tax Table is used by taxpayers whose taxable income are less than
$100000. A. True
B. False
‣ Chap. 1: Using Form 1040, U.S. Individual Income Tax Return, arrange the list in
order from top to bottom as they appear on the form. - Filing Status
- Spouse's social security number.
- Home address (number and street).
- State
‣ Chap. 1: Larry (37) has a savings account at a local bank. He earned $157 in
interest in 2022. He can expect to receive Form _______________ from the bank
to file his 2022 tax return. 1099-INT
, ‣ Chap. 1: When filing a tax return for a deceased taxpayer, the surviving spouse
will need to file Form 1310, a Statement of Person Claiming a Refund Due to a
Deceased Taxpayer, to claim a refund.False
‣ Chap. 1: Which of the following statements is correct about interest?
A. Total interest of more than $1,500 from all sources must be reported on
Schedule B.
B. Credit Unions often call interest on deposits "dividends."
C. The amount of a penalty on early withdrawal of savings may be more than the
total amount of interest income received by the taxpayer.
D. U.S. Savings Bond & other Treasury obligation interest is taxable on the federal
return and all state returns.
E. Taxpayers will receiv A. Total interest of more than $1,500 from all sources
must be reported on Schedule B.
B. Credit Unions often call interest on deposits "dividends."
C. The amount of a penalty on early withdrawal of savings may be more than the
total amount of interest income received by the taxpayer.
E. Taxpayers will receive a form 1099-INT, Interest Income, from their financial
institution if the total interest is $10 or more.
-----------------------------------------------------------------
It is important to be knowledgeable about interest income so that you can ask the
taxpayer appropriate questions. U.S. Savings Bond and other Treasury obligation
interest is never taxable on a state return and state bonds and state obligations are
never taxable on a federal return.
‣ Chap. 1: John & Christy Shephard are married; and they received the following
income for the year: Choose all that are considered unearned income.
A. Wages: $70,500
