H&R Block Midterm Review 2026 – Earned Income, Tax Tables & Reporting Forms | Actual Questions & Verified Answers Instant Download PDF

H&R BLOCK MIDTERM REVIEW ACTUAL
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Which of the following is considered earned income? C - ANSWER: a) Interest
from a bank

b) Unemployment compensation

c) Income from farming

d) Gambling winnings



The tax on income that comes entirely from wages under $100,000 is determined
according to the: A - ANSWER: a) Tax Tables

b) Tax Computation Worksheet

c) Qualified Dividends and Capital Gain Tax Worksheet

d) Schedule D Tax Worksheet



Which of the following shows these numbers rounded correctly: $31.43, $143.57,
$369.22, $1,547.88. B - ANSWER: a) $32. $142. $368. $1,547.

b) $31. $144. $369. $1,548.

c) $31. $142. $369. $1,547.

d) $32. $144. $368. $1,547.

, Which form is used by employers to report wages earned by their employees? A -
ANSWER: a) Form W-2

b) Form W-4

c) Form 1040

d) Form 1040A



What is the exemption amount for 2017? B - ANSWER: a) $3,850

b) $4,050

c) $5,050

d) $6,050



The following three factors determine the filing requirement for nondependents: B
- ANSWER: a) Marital status, age, and residency

b) Marital status, age, and gross income

c) Marital status, age, and taxable income

d) Marital status, age, and total deductions



The standard deduction on an income tax return is determined by: C - ANSWER:
a) Citizenship

b) Residency