Please use this link to see all the information httpsdrivego

Please use this link to see all the information:

https://drive.google.com/file/d/1yOgPhl7c9rPkK75FE1QLVEwnMy4SLC-u/view?usp=sharing

1040 Form:

https://www.irs.gov/pub/irs-pdf/f1040.pdf

10. Which allowable filing status is most advantageous to Samantha?     

                A.            Qualifying Widow           

                B.            Single   

                C.            Married Filing Separately             

                D.            Head of Household        

11. Howard is Samantha’s qualifying person for which of the following benefits?   

                A.            Dependency exemption              

                B.            Child tax credit

                C.            Earned income credit    

                D.            All of the above               

               

12. What is the credit for child and dependent care expenses shown in the tax and credits section of Samantha\'s tax return?

A.           $840      

                B.            $882      

                C.            $630      

                D.            $600      

13. What is the total amount of qualified educational expenses used in the calculation of Samantha’s American opportunity credit? $________

14. What is the amount of self-employment tax in the Other Taxes section of Samantha’s Form 1040, page 2?

A.           $0          

B.           $74        

C.           $148      

D.           $161      

  

15. Samantha\'s unemployment income does not need to be reported on her tax return.             

True

False

16. Where is the cancelled debt from Form 1099-C reported on Samantha\'s tax return?

                A.            It is not reported on the return

                B.            On Form 1040, line 7 as wages   

                C.            On Form 1040, line 21 as other income  

                D.            On Schedule A as a miscellaneous deduction     

17. Samantha qualifies for an exception to the 10% additional tax on the early distribution from her IRA.              

True

False

Solution

-

Please use this link to see all the information:

https://drive.google.com/file/d/1yOgPhl7c9rPkK75FE1QLVEwnMy4SLC-u/view?usp=sharing

1040 Form:

https://www.irs.gov/pub/irs-pdf/f1040.pdf

10. Which allowable filing status is most advantageous to Samantha?     

                A.            Qualifying Widow           

                B.            Single   

                C.            Married Filing Separately             

                D.            Head of Household        

11. Howard is Samantha’s qualifying person for which of the following benefits?   

                A.            Dependency exemption              

                B.            Child tax credit

                C.            Earned income credit    

                D.            All of the above               

               

12. What is the credit for child and dependent care expenses shown in the tax and credits section of Samantha\'s tax return?

A.           $840      

                B.            $882      

                C.            $630      

                D.            $600      

13. What is the total amount of qualified educational expenses used in the calculation of Samantha’s American opportunity credit? $________

14. What is the amount of self-employment tax in the Other Taxes section of Samantha’s Form 1040, page 2?

A.           $0          

B.           $74        

C.           $148      

D.           $161      

  

15. Samantha\'s unemployment income does not need to be reported on her tax return.             

True

False

16. Where is the cancelled debt from Form 1099-C reported on Samantha\'s tax return?

                A.            It is not reported on the return

                B.            On Form 1040, line 7 as wages   

                C.            On Form 1040, line 21 as other income  

                D.            On Schedule A as a miscellaneous deduction     

17. Samantha qualifies for an exception to the 10% additional tax on the early distribution from her IRA.              

True

False