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Test $-$ Tax Specialist Validation Assessment $3-$ Harken

Case Study Based

Question $1$ of $10.$

What is the amount of each person's share of the household expenses as computed on the Taxpayer Support Worksheet?

$$4,133$

$$6,997$

$$7,097$

$$7,497$

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Question $2$ of $10.$

What is the total amount of Trina's adjusted gross income?

$$42,100$

$$42,330$

$$47,587$

$$57,918$

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Question $3$ of $10.$

How much was Trina's Recovery Rebate Credit on the $2021$ Recovery Rebate Credit Worksheet $-$ Line $30?$

$$0$

$$1,400$

$$2,800$

$$4,200$

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Question $4$ of $10.$

How much of Trina's investment income was taxed at $0\%?$

$$0$

$$204$

$$4,857$

$$5,061$

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Test $-$ Tax Specialist Validation Assessment $3-$ Harken

BlockWorks Entry Based

Question $5$ of $10.$

To answer this question, open your return in "What if$"$ mode in BlockWorks. Without using the adjustment code for multiple transactions, how many stock transactions are entered on the Schedule D $/8949$ screen?

$2$

$3$

$4$

$6$

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Question $6$ of $10.$

To answer this question, open your return in "What if$"$ mode in BlockWorks. How many "Code" rows had to be added to Trina's Wage W$-2$ entries?

$0$

$1$

$2$

$3$

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Question $7$ of $10.$

To answer this question, open your return in "What if$"$ mode in BlockWorks. On Missy's Dependent Screen, how many dropdown questions were answered under the "Custodial and Noncustodial Parents $-$ Exemption Release"?

$1$

$3$

$4$

$6$

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Question $8$ of $10.$

To answer this question, open your return in "What if$"$ mode in BlockWorks. To see if Evan could qualify to claim Missy as a qualifying child dependent, what section would be used on Missy's dependent screen to see who has the superior claim?

None

Unlock Tiebreaker Fields

Custodial and Noncustodial Parents $-$ Exemption Release fields

Special Situations

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Question $9$ of $10.$

To answer this question, open your return in "What if$"$ mode in BlockWorks. Which worksheet in Trina's return is completed in BlockWorks but will not be provided in the Preview screen for viewing or printing?

$8880$ Credit Limit Worksheet.

Household Support Worksheet.

Recovery Rebate Credit Worksheet.

Taxpayer Support Worksheet.

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What if$?$

Question $10$ of $10.$

To answer this question, open your return in "What if$"$ mode in BlockWorks. Trina won $$15,000$ at a slot machine in early $2022.$ She would like to know, if everything else was the same in $2021,$ but she had won the $$15,000$ in $2021$ instead of $2022,$ how would her refund $($or balance due$)$ have changed? There would have been a net change in her refund $($or balance due$)$ of:

Under $$1,000.$

$$1,001$ to $$1,600.$

$$1,601$ to $$2,200.$

$$2,201$ or more.

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