HR BLOCK FINAL TEST (ITC 2025) ACTUAL EXAM 230 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONLES (VERIFIED ANSWERS)
|ALREADY GRADED A+
Terms in this set (228)
A tax returner or claim for a,$2,120
refund requiring a paid tax
return preparer to determine
eligibility for EITC, CTC/ODC/
ACTC, AOTC, and the head of
household filling status may be
subject to a maximum
penalty, totaling what amount
for failure to meet due diligence
requirements if all four are
claimed on a single tax return?
the deduction for state and local a. $10,000 ($5,000 if MFS).
income taxes is limited to what
amount?
A married couple who materially C. A qualified joint venture
participate in the operation of a
jointly
owned business may elect for
each spouse to file their own
Schedule C, with each
reporting their respective
amounts of income, loss, and
deductions. This known as what?
Stock owned by an individual a. Intangible personal, investment -use property
would be classified as what type
of property?
Which of the following is not C. Federal taxes withheld.
deductible on Schedule A?
Which of the following types of d. a copier purchased by a tax preparation office.
, property may be depreciated?
CORRECT DETAILED ANSWERS WITH RATIONLES (VERIFIED ANSWERS)
|ALREADY GRADED A+
Terms in this set (228)
A tax returner or claim for a,$2,120
refund requiring a paid tax
return preparer to determine
eligibility for EITC, CTC/ODC/
ACTC, AOTC, and the head of
household filling status may be
subject to a maximum
penalty, totaling what amount
for failure to meet due diligence
requirements if all four are
claimed on a single tax return?
the deduction for state and local a. $10,000 ($5,000 if MFS).
income taxes is limited to what
amount?
A married couple who materially C. A qualified joint venture
participate in the operation of a
jointly
owned business may elect for
each spouse to file their own
Schedule C, with each
reporting their respective
amounts of income, loss, and
deductions. This known as what?
Stock owned by an individual a. Intangible personal, investment -use property
would be classified as what type
of property?
Which of the following is not C. Federal taxes withheld.
deductible on Schedule A?
Which of the following types of d. a copier purchased by a tax preparation office.
, property may be depreciated?
