MULTIPLE CHOICES |VERIFIED & REVISED ANSWERS (NEW) 2025
Terms in this set (30)
a) Interest
from a bank
Which of the b) Unemployment compensation
following is c) Income from farming
considered earned d) Gambling winnings
income? C
a)Tax Tables
The tax on income that
b) TaxComputation Worksheet
comes entirely from
c) Qualified Dividends and Capital Gain Tax Worksheet
wages under $100,000 is
d) Schedule D Tax Worksheet
determined
according to the: A
a) $32. $142. $368. $1,547.
Which of the
b) $31. $144. $369. $1,548.
following shows
c) $31. $142. $369. $1,547.
these numbers
d) $32. $144. $368. $1,547.
rounded correctly:
$31.43,
$143.57, $369.22, $1,547.88.
B
a) Form W-2
Which form is used by b) Form W-4
employers to report c) Form 1040
wages earned by their d) Form 1040A
employees? A
a) $3,850
b) $4,050
What is the exemption
c) $5,050
amount for 2017? B
d) $6,050
, a) Marital status, age, and residency
The following three b) Marital status, age, and gross income
factors determine the c) Marital status, age, and taxable income
filing requirement for d) Marital status, age, and total deductions
nondependents: B
a) Citizenship
The standard deduction on b) Residency
an income tax return is c) Filingstatus
determined by: C d) Gross income
a)A qualifying child, qualifying relative, or a
parent whom the taxpayer is allowed to claim as
The head of
an exemption on their tax return
household filing b) At least one other person
status requires that a c) A beloved family pet
taxpayer maintain a d) Maintaining a household for another person is
household for: A not a requirement of the HOH filing status.
a) On the first day of the tax year.
For tax purposes, when is a b) On the taxpayer's birthday.
person's marital status c) On the day the person files their tax return.
determined? D d) On the last day of the tax year.
a) If there was any federal tax withheld or they are entitled
Under what to any refundable credits.
b) If there was any federal tax withheld or they
circumstances might a
taxpayer who does not are entitled to any nonrefundable credits.
c) To claim itemized deductions.
meet the federal filing
d) If there was any state tax withheld or they are entitled
requirement want to file a
return anyway? A to any refundable credits
a)The dependent must be a qualifying child or qualifying
relative.
Which of the following is b) The dependent must be a U.S. citizen or a
not one of the resident of the United States, Canada, or
four requirements to claim Mexico.
a dependent? D
c) If the dependent is married, they cannot be
claimed as a dependent if they file a joint return
with their spouse.
d) The taxpayer must provide 100% of the dependent's
support for the whole year.