HR BLOCK Final Test Review (ITC 2022)

HR BLOCK FINAL TEST REVIEW
(ITC 2022)


1. Which of the following is a requirement for all taxpayers who want to claim the EIC?

a) Live in the U.S. for more than half a year.

b) Have a valid social security number.

c) Have a qualifying child dependent.

d) Have AGI less than $21,430 ($27,380 MFJ).

Answer: b) Have a valid social security number.



2. A combined due diligence penalty of $2,180 would indicate a penalty for which of the

following?

a) EIC, CTC/ODC/ACTC, and head of household.

b) EIC, AOTC, and CTC/ODC/ACTC.

c) EIC, AOTC, CTC/ODC/ACTC, and head of household.

d) EIC, PTC, CTC/ODC/ACTC, and head of household.

Answer: d) EIC, AOTC, CTC/ODC/ACTC, and head of household.



3. When dependent care benefits are withheld from a taxpayer's income, where are they

reported by the employer?

a) Form 2441.

b) Form 1040.

c) Box 10 of Form W-2.

d) The employer is not required to report them.



Answer: c) Box 10 of Form W-2.