2021 Basic - Scenario 6: Bobbie Daniels - Question 1 of 3. ...

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Accounting

2021 Basic - Scenario 6: Bobbie Daniels - Question 1 of 3.
Interview Notes
  • Bobbie Daniels was separated from his spouse for 10 months in 2021. Bobbie and his spouse have decided to file their tax returns as Married Filing Separately.
  • Bobbie earned wages of $11,000 during the first half of the year. Bobbie lost his job in July and received a total of $7,500 in unemployment compensation.
  • Bobbie is a chef and took a gourmet cooking class at the community college to improve his cooking skills. He paid the cost of tuition and a course-related book. His total education expenses were $1,500.
  • Bobbie also paid student loan interest for the courses he previously took to earn his Bachelors degree. For 2021, he paid student loan interest of $350.
  • Bobbie does not have any dependents.
  • Bobbie is a U.S. citizen with a valid Social Security number.
11. Bobbie can exclude his unemployment compensation on his 2021 tax return.
True
False

12. Bobbie is eligible for the following credit:
A. Earned Income Credit
B. Lifetime Learning Credit
C. American Opportunity Credit
D. None of the above

Interview Notes
  • Bobbie Daniels was separated from his spouse for 10 months in 2021. Bobbie and his spouse have decided to file their tax returns as Married Filing Separately.
  • Bobbie earned wages of $11,000 during the first half of the year. Bobbie lost his job in July and received a total of $7,500 in unemployment compensation.
  • Bobbie is a chef and took a gourmet cooking class at the community college to improve his cooking skills. He paid the cost of tuition and a course-related book. His total education expenses were $1,500.
  • Bobbie also paid student loan interest for the courses he previously took to earn his Bachelors degree. For 2021, he paid student loan interest of $350.
  • Bobbie does not have any dependents.
  • Bobbie is a U.S. citizen with a valid Social Security number.
13. Bobbie can claim the student loan interest deduction on his tax return.
True
False

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