TEST 2026 FULL QUESTIONS AND CORRECT
ANSWERS ALREADY PASSED GRADED A+
◉ Advanced Scenario 4: Test Questions
Which of the following statements is true?
a. Cindy is not eligible to claim Cary for the EIC because her filing
status is married filing separate.
b. Cindy is not eligible to claim the EIC for Cary because she is under
age 25.
c. Cindy is not eligible to claim Cary for the EIC because her income
is too high.
d. None of the above statements is true. Answer: d. None of the
above statements is true.
◉ Advanced Scenario 5: Test Questions
Elizabeth can claim the $1,500 homeowners association fees as a
deduction on her Form 1040, Schedule A. Answer: False
◉ Advanced Scenario 5: Test Questions
What amount of gambling losses is Elizabeth eligible to claim as a
deduction on her Form 1040, Schedule A? Answer: $2,000
, ◉ Advanced Scenario 6: Test Questions
David is eligible to claim the American Opportunity Credit on his
2024 tax return. Answer: False
◉ Advanced Scenario 6: Test Questions
For which of the following IRA distributions will David owe an
additional tax of 10%? Answer: Both a and b
◉ Advanced Scenario 7: Test Questions
What is the taxable portion of Faith's pension from Liberty
Enterprises using the simplified method? Answer: $19,519.00
◉ Advanced Scenario 7: Test Questions
The Hunters are eligible to claim the credit for other dependents on
their tax return. Answer: True
◉ Advanced Scenario 7: Test Questions
What is the total amount of other income reported on the Hunters'
Form 1040 Schedule 1? Answer: $1,130
◉ Advanced Scenario 7: Test Questions
Vincent is eligible to deduct qualified educator expenses in the
amount of $____________