H&R Block Bundled Exams Questions and Answers Multiple Versions (2024/2025) (Complete and Accurate)

HR BLOCK Final Test Review (ITC 2024) Questions and Answers Already Passed Which of the following is a requirement for all taxpayers who want to claim the EIC? Live in the U.S. for more than half a year. Have a valid social security number. Have a qualifying child dependent. Have AGI less than...

H&R Block Quiz Ch's 1-5 Latest Update Already Passed What is Gross Income? - Any money that you made or worked for that is subject to tax. Also, all world-wide income from whatever source derived, unless specifically excluded from taxation by law. ( Money realized in any form whether in mo...

H&R Block Midterm Review Questions with Complete Solutions Which of the following is considered earned income? C 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 ...

H&R Block Income Tax Course Latest Version Graded A+ Due Diligence Requirements that tax professionals must follow when preparing income tax returns. Estimated Tax The amount of tax a taxpayer expects to owe for the year after subtracting expected amounts withheld and certain refundable c...

H&R Block Income Tax Course Latest Update Graded A+ Circular 230 Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure The release of tax information by an IRS employee. Due Diligence...

H&R Block Budget Challenge and Chapter 2 Test Already Passed Net Pay Amount of income left after taxes and deductions have been taken out. Gross Pay the total amount of an employee's earnings before deductions are taken out Deductible Amount you must pay before you begin receiving any ben...

HR Block Budget Challenge Quizzes with Complete Solutions Frank's electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Frank pays his electric bill on the 12th of the month? His payment is received after the due date but he will n...

H&R Block Budget Challenge Quiz Week 4 - Unexpected Events 100% Correct What happens if you don't pay your insurance premium for your car? You are not insured and are driving illegally. Suppose that you only have liability and comprehensive car insurance and you allow your roommate (who do...

H&R Block Budget Challenge Questions and Answers Graded A+ Auto insurance A type of insurance used by vehicle owners to cover costs associated with car accidents. Budget A chart that documents how much money an individual earns and spends. Cash Flow The relationship between income and e...

Block Horizons 2025 with Complete Solutions Our Purpose To provide, help and inspire confidence in our clients and communities everywhere. Our 4 Ambitions Customers Communities Team Financial Ambitions - Customer Be so customer-centric that 80% of our clients return every year ...

H&R block budget quiz 3 latest update 100% pass How does credit utilization affect your credit score? Keeping credit utilization below 30% increases your score. Which would not be identifying information included in a credit report? Marital status What would be the most likely differenc...

HRB-27 Final Exam Review Questions and Answers Rated A+ What income reporting form should an independent contractor sometimes receive from the person who paid him for his services? Form 1099-MISC (15.6) Schedule C, Line F asks for the accounting method used in the business. What is the di...

H&R Block Quiz Latest Update with Certified Solutions Why is the Payroll Calculator helpful in determining the effect of a 401K contribution on net pay? 401(k) contributions reduce the federal tax owed. What minimum balance must be maintained in the emergency fund in order to earn the trop...

H & R Block Midterm Review Questions with Certified Solutions Some types of income do not need to be reported anywhere on a federal tax return. This includes all of the following EXCEPT: A.) Most medical insurance proceeds B.) Worker's compensation paid to an employee who was injured on th...