H&R Block Mid Term Review With 57 QUESTIONS & ANSWERS
2024 ( A+ GRADED 100% VERIFIED)
1. What is the standard deduction for a taxpayer filing single?: $6200
2. What is the standard deduction for a taxpayer filing married filing joint?: $12400
3. What is the standard deduction for a taxpayer filing married filing separate?:
$6200
4. What is the standard deduction for a taxpayer filing qualifying widow?: $9100
5. What is the standard deduction for a taxpayer filing head of household?: $9100
6. What does Form 1099-G provide?: Certain government payments such as
unemployment.
7. What is a standard deduction?: A reduction in the amount of income subject to tax.
It varies based on the taxpayer's filing status.
8. What is the amount of taxable income that you can earn and still use the Tax
Table?: $100,000
9. What three factors determine the filing requirements for nondependents?-
: 1. filing status
2. age
3. gross income
10. What are the five filing status'?: 1. Single
2. Married filing joint
3. Married filing separate
4. Qualifying widow
5. Head of household
11. How do you determine marital status?: Marital status is determined on the last
day of the tax year.
12. If the taxpayer is considered unmarried on the last day of the year what
options do he/she have as a filing status?: 1. Single
2. Head of household
3. Qualifying widow
13. If the taxpayer is considered married on the last day of the year, the taxpayer
may file as?: 1. Married filing join
2. Married filing separate
14. When is a nondependent taxpayer required to file a tax return?: Generally, the
nondependent taxpayer would be required to file a tax return when their gross income is
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, equal to or greater than the sum of the taxpayer's standard deduction and personal
exemption amount.
15. If a person is filing married filing separately, when are they required to file a
tax return?: When their gross income equals or exceeds the personal exemption amount
($3950 for 2014).
16. Taxpayers filing as single who are 65 or older and/or blind are entitled to what
increased standard deduction.: $1550 (per condition)
17. Taxpayers filing as head of household who are 65 or older and/or blind are
entitled to what increased standard deduction.: $1550 (per condition)
18. Taxpayers filing as married who are 65 or older and/or blind are entitled to
what increased standard deduction.: $1200 (per condition)
19. Taxpayers filing as qualifying widow who are 65 or older and/or blind are
entitled to what increased standard deduction.: $1200 (per condition)
20. When may a taxpayer filing married but separate claim a spouse's personal
exemption?: When the spouse:
1. has no gross income
2. is not filing a return
3. is not a dependent of another person
21. When may a taxpayer with a nonresident alien spouse claim the spouse's
personal exemption?: When the spouse:
1. has no gross income
2. is not filing a return
3. is not a dependent of another person
22. How do you determine if a dependent taxpayer is required to file?: 1. Is their
unearned income greater than $1000? If so, they must file.
2. Does their earned income exceed a specific threshold amount based on their
marital status, age, or blind? If so, then they must file. 3. Is their spouse filing MFS
and itemizing deductions?
AND
Does the dependent taxpayer have at least $5 of gross income? If so, then they must file.
4. Does their gross income exceed a specific threshold amount based on their marital
status, age, or blind? If so, then they must file.
23. When a married taxpayer wishes to file a MFS return and their spouse itemizes
deductions on their return, what should the taxpayer do?: The taxpayer should
itemize deductions on their return as well because their standard deduction is
reduced to $0.
24. Is blindness a determining factor for gross income filing requirements for
nondependents?: NO
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2024 ( A+ GRADED 100% VERIFIED)
1. What is the standard deduction for a taxpayer filing single?: $6200
2. What is the standard deduction for a taxpayer filing married filing joint?: $12400
3. What is the standard deduction for a taxpayer filing married filing separate?:
$6200
4. What is the standard deduction for a taxpayer filing qualifying widow?: $9100
5. What is the standard deduction for a taxpayer filing head of household?: $9100
6. What does Form 1099-G provide?: Certain government payments such as
unemployment.
7. What is a standard deduction?: A reduction in the amount of income subject to tax.
It varies based on the taxpayer's filing status.
8. What is the amount of taxable income that you can earn and still use the Tax
Table?: $100,000
9. What three factors determine the filing requirements for nondependents?-
: 1. filing status
2. age
3. gross income
10. What are the five filing status'?: 1. Single
2. Married filing joint
3. Married filing separate
4. Qualifying widow
5. Head of household
11. How do you determine marital status?: Marital status is determined on the last
day of the tax year.
12. If the taxpayer is considered unmarried on the last day of the year what
options do he/she have as a filing status?: 1. Single
2. Head of household
3. Qualifying widow
13. If the taxpayer is considered married on the last day of the year, the taxpayer
may file as?: 1. Married filing join
2. Married filing separate
14. When is a nondependent taxpayer required to file a tax return?: Generally, the
nondependent taxpayer would be required to file a tax return when their gross income is
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, equal to or greater than the sum of the taxpayer's standard deduction and personal
exemption amount.
15. If a person is filing married filing separately, when are they required to file a
tax return?: When their gross income equals or exceeds the personal exemption amount
($3950 for 2014).
16. Taxpayers filing as single who are 65 or older and/or blind are entitled to what
increased standard deduction.: $1550 (per condition)
17. Taxpayers filing as head of household who are 65 or older and/or blind are
entitled to what increased standard deduction.: $1550 (per condition)
18. Taxpayers filing as married who are 65 or older and/or blind are entitled to
what increased standard deduction.: $1200 (per condition)
19. Taxpayers filing as qualifying widow who are 65 or older and/or blind are
entitled to what increased standard deduction.: $1200 (per condition)
20. When may a taxpayer filing married but separate claim a spouse's personal
exemption?: When the spouse:
1. has no gross income
2. is not filing a return
3. is not a dependent of another person
21. When may a taxpayer with a nonresident alien spouse claim the spouse's
personal exemption?: When the spouse:
1. has no gross income
2. is not filing a return
3. is not a dependent of another person
22. How do you determine if a dependent taxpayer is required to file?: 1. Is their
unearned income greater than $1000? If so, they must file.
2. Does their earned income exceed a specific threshold amount based on their
marital status, age, or blind? If so, then they must file. 3. Is their spouse filing MFS
and itemizing deductions?
AND
Does the dependent taxpayer have at least $5 of gross income? If so, then they must file.
4. Does their gross income exceed a specific threshold amount based on their marital
status, age, or blind? If so, then they must file.
23. When a married taxpayer wishes to file a MFS return and their spouse itemizes
deductions on their return, what should the taxpayer do?: The taxpayer should
itemize deductions on their return as well because their standard deduction is
reduced to $0.
24. Is blindness a determining factor for gross income filing requirements for
nondependents?: NO
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