Take home pay is also known as _________.

Who is responsible for completing the Form W-4?

The Wage and Tax Statement is also known as __________.

Which of the following is true?

Which of the following is reported on Form W-2? (select all that apply)

Which of the following are reported on the W-4?

Which of the following are taxable? (select ALL that apply)

Interest income is considered earned income.

Which individuals would meet the Citizen or Resident Test? (select all that apply)

Which statement is true about the Gross Income Test?

To claim a dependency exemption for a child ALL of the following tests must be met: relationship, citizen, resident joint return, age, and support.

To meet this test, the child must be

- unmarried

- married but does not file a joint return

- married and files a joint return, but neither the dependent nor the spouse can claim personal exemption

To meet this test, the child must be:

- A U.S. citizen

To meet this test, the child must be:

- resident of the U.S.

- resident of Canada or Mexico

To meet this test, the child must be:

- your son, daughter, stepchild, eligible foster child, adopted child or a descendant (for example; grandchild)

- your brother, sister, half brother, half sister, or a descendant (for example; niece or nephew)

To meet this test, the child must be:

- Under 19 at the end of the year

- Full-time student under 24 at the end of the year

- Permanently and totally disabled at any time during the year

To meet this test, the child must be:

- not have provided more than half of his or her own support

Which has the filling statuses in correct order from lowest tax rate to highest tax rate?

John has never been married, lives alone, and has paid all the expenses of keeping up a home for herself and no one else. What is John's filing status?

In August of the tax year, Jenny moved out of the apartment she shared with her husband. Jenny and her husband are not divorced or legally separated. They have no children or other dependents. Since August, She refuses to file a joint return with her husband.

Tom's wife died this year. He has not remarried. Tom provides all of the support for his two dependent children.

Which of the following are types of exemptions? (select all that apply)

An exemption increases the income that is subject to tax.

A taxpayer and his or her spouse can each claim a personal exemption.

A taxpayer cannot claim a personal exemption on his or her own tax return when he or she can be claimed as a dependent on another taxpayer's return.

Sam is 19 years old and a full-time student. She earned $5,500 in her part-time job. Her parents provided more than half of her support. How many exemptions can Sam claim?

Mr. and Mrs. Jackson file a joint return. They have no children or dependents. They cannot be claimed as dependents on any other tax return. How many exemptions can they claim?

Brian and Tammy Smith filed a joint return in 2019. Ella died in January 2020. In November 2020, Brian married Katie. There are no children or dependents. How many exemptions can they claim?

Richard and Cheryl are married. Both were employed during the entire tax year. Cheryl's filing status is married filing separately. Cheryl provides 75 percent of the support of her three children. The children did not earn any income during the tax year. Assume all other dependency tests are met. Richard claims an exemption for himself on his tax return.

The higher the standard deduction amount, the __________________.

A taxpayer who can be claimed as a dependent on another taxpayer's return must claim the standard deduction for his or her filing status.

If a taxpayer's tax liability is reduced to $0, they can receive the child tax credit as a refund.

Tammy is unable to care for herself. Her parents cannot claim her as a dependent because Tammy earned more than the exemption amount. Does Regina count as a qualifying person for the tax credit for child and dependent care expenses?

Alex is 13 years old, and his parents claim him as a dependent on their tax return. Does Alex count as a qualifying person for the tax credit for child and dependent care expenses?

Bill and Molly are married; Bill has Alzheimer's disease and cannot care for himself. Does Bill count as a qualifying person for the tax credit for child and dependent care expenses.?

Which of the following expenses qualify for the tax credit for child and dependent care expenses? (select all that apply)

Both the American Opportunity Credit and Lifetime Learning Credit can be claimed if a taxpayer has paid higher education expenses for an eligible student as long as they meet the general requirements.

In order to be eligible for the American Opportunity Credit you must be taking at least one-half the normal corse load.

Which option is available for a taxpayer receiving a refund?

What is used to authenticate an electronically submitted tax return?

Which of the following would be considered self employed? (select all that apply)

Which form is used to calculate self-employment profit?

Which form reports payments made to independent contractors?

Which form reports salary payments made to employees?

Which tax form is used to calculate the self-employment tax?