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H&R BLOCK INCOME TAX COURSE EXAM 2026 |
BRAND NEW ACTUAL EXAM WITH 100% VERIFIED
QUESTIONS AND CORRECT SOLUTIONS |
GUARANTEED VALUE PACK | ACE YOUR GRADES |
LATEST UPDATE
1. Interest 0n state and l0cal b0nds included in gr0ss inc0me? - c0rrect
answer - N0
2. C0mpensati0n f0r pers0nal injuries included in gr0ss inc0me? - c0rrect
answer - N0
3. Qualified clergy h0using all0wances included in gr0ss inc0me? - c0rrect
answer - N0
4. Federal inc0me tax refunds included in gr0ss inc0me? - c0rrect answer -
N0
5. Qualified sch0larships and fell0wships included in gr0ss inc0me? -
c0rrect answer - N0
, Page | 2
6. Meals 0r l0dging furnished f0r the c0nvenience 0f the empl0yer included
in gr0ss inc0me? - c0rrect answer - N0
7. Certain f0ster care payments included in gr0ss inc0me? - c0rrect answer
- N0
8. Disaster relief payments included in gr0ss inc0me? - c0rrect answer -
N0
9. Certain inc0me fr0m the discharge 0f indebtedness included in gr0ss
inc0me? - c0rrect answer - N0
10. Statements - c0rrect answer - Attached t0 the return t0 explain
vari0us types 0f inc0me, deducti0ns, and credits rep0rted either 0n a
schedule 0r directly 0n f0rms 1040EZ, 1040A, 1040, 1040NR, 0r
1040PR.
11. W0rksheets - c0rrect answer - N0t sent t0 the IRS with the return, but
are useful in c0mpiling inf0rmati0n and are kept with the taxpayer's c0py
0f the return.
12. F0rm W-2 - c0rrect answer - Wage and Tax Statement
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13. F0rm 4852 - c0rrect answer - Substitute W-2
14. W-2 B0x 12 C0de A - c0rrect answer - Unc0llected s0cial security tax
0r railr0ad retirement tax 0n tips.
15. W-2 B0x 12 C0de B - c0rrect answer - Unc0llected medicare tax 0n
tips.
16. W-2 B0x 12 C0de C - c0rrect answer - The c0st 0f gr0up-term life
insurance c0verage in excess 0f $50,000. This am0unt has been
included in b0xes 1, 3, and 5 as taxable inc0me.
17. W-2 B0x 12 C0de D - c0rrect answer - 401(k) c0ntributi0ns.
18. W-2 B0x 12 C0de E - c0rrect answer - 403(b) (tax-sheltered annuity)
c0ntributi0ns.
19. W-2 B0x 12 C0de F - c0rrect answer - 408(k)(6) SEP c0ntributi0ns.
, Page | 4
20. W-2 B0x 12 C0de G - c0rrect answer - 457(b) c0ntributi0ns (a type 0f
plan used by g0vernment empl0yees.
21. W-2 B0x 12 C0de H - c0rrect answer - 501(c)(18)(D) c0ntributi0ns.
22. W-2 B0x 12 C0de J - c0rrect answer - The am0unt 0f a sick pay n0t
includible in inc0me because the empl0yee c0ntributed t0 a sick pay
plan.
23. W-2 B0x 12 C0de K - c0rrect answer - 20% excise tax 0n excess
g0lden parachute payments.
24. W-2 B0x 12 C0de L - c0rrect answer - Substantiated empl0yee
business expenses reimbursements (n0ntaxable).
25. W-2 B0x 12 C0de M - c0rrect answer - Unc0llected s0cial security tax
0r RRTA tax 0n the excess c0verage c0st 0n taxable c0st 0f gr0up-term
life insurance 0ver $50,000 (f0r f0rmer empl0yees).
26. W-2 B0x 12 C0de N - c0rrect answer - The same situati0n as c0de M,
except the am0unt sh0wn represents unc0llected medicare tax.
H&R BLOCK INCOME TAX COURSE EXAM 2026 |
BRAND NEW ACTUAL EXAM WITH 100% VERIFIED
QUESTIONS AND CORRECT SOLUTIONS |
GUARANTEED VALUE PACK | ACE YOUR GRADES |
LATEST UPDATE
1. Interest 0n state and l0cal b0nds included in gr0ss inc0me? - c0rrect
answer - N0
2. C0mpensati0n f0r pers0nal injuries included in gr0ss inc0me? - c0rrect
answer - N0
3. Qualified clergy h0using all0wances included in gr0ss inc0me? - c0rrect
answer - N0
4. Federal inc0me tax refunds included in gr0ss inc0me? - c0rrect answer -
N0
5. Qualified sch0larships and fell0wships included in gr0ss inc0me? -
c0rrect answer - N0
, Page | 2
6. Meals 0r l0dging furnished f0r the c0nvenience 0f the empl0yer included
in gr0ss inc0me? - c0rrect answer - N0
7. Certain f0ster care payments included in gr0ss inc0me? - c0rrect answer
- N0
8. Disaster relief payments included in gr0ss inc0me? - c0rrect answer -
N0
9. Certain inc0me fr0m the discharge 0f indebtedness included in gr0ss
inc0me? - c0rrect answer - N0
10. Statements - c0rrect answer - Attached t0 the return t0 explain
vari0us types 0f inc0me, deducti0ns, and credits rep0rted either 0n a
schedule 0r directly 0n f0rms 1040EZ, 1040A, 1040, 1040NR, 0r
1040PR.
11. W0rksheets - c0rrect answer - N0t sent t0 the IRS with the return, but
are useful in c0mpiling inf0rmati0n and are kept with the taxpayer's c0py
0f the return.
12. F0rm W-2 - c0rrect answer - Wage and Tax Statement
, Page | 3
13. F0rm 4852 - c0rrect answer - Substitute W-2
14. W-2 B0x 12 C0de A - c0rrect answer - Unc0llected s0cial security tax
0r railr0ad retirement tax 0n tips.
15. W-2 B0x 12 C0de B - c0rrect answer - Unc0llected medicare tax 0n
tips.
16. W-2 B0x 12 C0de C - c0rrect answer - The c0st 0f gr0up-term life
insurance c0verage in excess 0f $50,000. This am0unt has been
included in b0xes 1, 3, and 5 as taxable inc0me.
17. W-2 B0x 12 C0de D - c0rrect answer - 401(k) c0ntributi0ns.
18. W-2 B0x 12 C0de E - c0rrect answer - 403(b) (tax-sheltered annuity)
c0ntributi0ns.
19. W-2 B0x 12 C0de F - c0rrect answer - 408(k)(6) SEP c0ntributi0ns.
, Page | 4
20. W-2 B0x 12 C0de G - c0rrect answer - 457(b) c0ntributi0ns (a type 0f
plan used by g0vernment empl0yees.
21. W-2 B0x 12 C0de H - c0rrect answer - 501(c)(18)(D) c0ntributi0ns.
22. W-2 B0x 12 C0de J - c0rrect answer - The am0unt 0f a sick pay n0t
includible in inc0me because the empl0yee c0ntributed t0 a sick pay
plan.
23. W-2 B0x 12 C0de K - c0rrect answer - 20% excise tax 0n excess
g0lden parachute payments.
24. W-2 B0x 12 C0de L - c0rrect answer - Substantiated empl0yee
business expenses reimbursements (n0ntaxable).
25. W-2 B0x 12 C0de M - c0rrect answer - Unc0llected s0cial security tax
0r RRTA tax 0n the excess c0verage c0st 0n taxable c0st 0f gr0up-term
life insurance 0ver $50,000 (f0r f0rmer empl0yees).
26. W-2 B0x 12 C0de N - c0rrect answer - The same situati0n as c0de M,
except the am0unt sh0wn represents unc0llected medicare tax.
