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VITA RETEST BASIC SCENARIO TEST 2025. QUESTIONS & CORRECT VERIFIED ANSWERS. GRADED A, Exams of Business Taxation and Tax Management

Aberystwyth UniversityBusiness Taxation and Tax Management

VITA RETEST BASIC SCENARIO TEST 2025. QUESTIONS & CORRECT VERIFIED ANSWERS. GRADED A

Typology: Exams

2024/2025

Available from 07/01/2025

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zaza-maica 🇬🇧

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VITA RETEST BASIC SCENARIO TEST
2025. QUESTIONS & CORRECT
VERIFIED ANSWERS. GRADED A
Ashley's correct filing status is Single – ANS FALSE
Christopher and Amanda can claim Jennifer as a qualifying child for the
earned income credit (EIC) – ANS FALSE
David is a qualifying person for Ava to claim Head of Household filing
status, credit for other dependents and the education credit. – ANS TRUE
David is Ava's qualifying child for the earned income credit. - ANSTRUE
Ellen's standard deduction is $24,000 - ANSFALSE
Emily can claim an exemption on her 2018 tax return for not having
healthcare coverage for 2 months of the year - ANSTRUE
Emily does NOT qualify for the child tax credit - ANSFALSE
Emily qualifies for the American opportunity credit - ANSFALSE
George and Helen should not file their tax return until they can pay the
entire balance due - ANSFALSE
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VITA RETEST BASIC SCENARIO TEST

2025. QUESTIONS & CORRECT

VERIFIED ANSWERS. GRADED A

Ashley's correct filing status is Single – ANS FALSE Christopher and Amanda can claim Jennifer as a qualifying child for the earned income credit (EIC) – ANS FALSE David is a qualifying person for Ava to claim Head of Household filing status, credit for other dependents and the education credit. – ANS TRUE David is Ava's qualifying child for the earned income credit. - ANSTRUE Ellen's standard deduction is $24,000 - ANSFALSE Emily can claim an exemption on her 2018 tax return for not having healthcare coverage for 2 months of the year - ANSTRUE Emily does NOT qualify for the child tax credit - ANSFALSE Emily qualifies for the American opportunity credit - ANSFALSE George and Helen should not file their tax return until they can pay the entire balance due - ANSFALSE

Jacob and Martha have an increased standard deduction for their filing status because they are both 65 years old - ANSTRUE Jacob and Martha must report ______ of gambling winnings on their tax return. - ANS$2, Jacob and Martha must use Form 8888, Allocation of Refund (Including Savings Bond Purchases), to split their refund between their checking and savings accounts - ANSTRUE Jeff does not have to make a shared responsibility payment because he was covered by a health insurance plan through his employer for the full tax year. - ANSTRUE Jennifer is a qualifying child for the child tax credit - ANSTRUE Joshua should file a tax return to claim a refund of his withholding - ANSTRUE Linda must make a shared responsibility payment because she did not have qualified healthcare coverage all year - ANSFALSE Mathew can claim Mark and Kevin as qualifying children for the earned income credit - ANSTRUE The amount of Daniel's qualifying education expenses must be reduced by the scholarship amount shown on Form 1098-T - ANSTRUE