H & R Block Final| Final H & R Exam| Latest Questions With Verified Answers

H & R Block Final| Final H & R Exam| Latest Questions With Verified Answers a) $0 - Duke and his wife were legally divorced in 2021. After the divorce, Duke retained physical custody of their son. Duke received the following amounts from his ex-wife, on behalf of their son or as ordered by the court through a divorce decree: • Court-ordered child support of $2,000 per month. • Court-ordered alimony of $1,000 per month. How much of this income should be reported on Duke's federal return? a) $0 b) $12,000 c) $24,000 d) $36,000 b) Mr. Chang is a fourth-grade teacher. He taught full-time in a classroom and worked more than 900 hours during the school year. He spent $750 on teaching supplies used in his classroom. - Which of the following individuals is an eligible educator and may deduct up to $300 of qualified educator expenses? (None of them received any reimbursements.) a) Mr. Francis is a teacher's aide at the local high school. He taught part-time. He worked 600 hours during the year and spent $400 on teaching supplies used in his classroom. b) Mr. Chang is a fourth-grade teacher. He taught full-time in a classroom and worked more than 900 hours during the school year. He spent $750 on teaching supplies used in his classroom. c) Mrs. Sullivan is a professor at the local community college. She taught full-time during the entire school year. She spent $500 on teaching supplies used in her classroom. d) Ms. Rowling homeschools her three children. She spent $950 on books, computer software, and classroom supplies. a) A cash or check payment made under a decree of divorce or separation. The marriage settlement agreement was signed before December 31, 2018. - Which of the following is an example of taxable alimony? a) A cash or check payment made under a decree of divorce or separation. The marriage settlement agreement was signed before December 31, 2018. b) Child support payments. c) A property transfer made within one year of a divorce. d) Voluntary payments made outsid