1.Riley Pope, a retired railroad employee, received a Form RRB-1099-R with $12,000 in box 3. What does the box 3 amount represent?

A. The gross amount of vested dual benefits reduced by repayments.

B. The amount of prior-year repayments

C. Riley's investment in the plan.

D. The gross amount of benefits paid, reduced by repayments

2.Louie received a Form RRB-1099 showing a gross benefit paid in 2019 of $18,772. What type of payment is this? This is Louie's:

A. Pension amount from the Railroad Retirement Board.

B. Total contributions to his railroad retirement and used to compute the taxable amount of his pension benefit.

C. Social security equivalent paid by the Railroad Retirement Board.

D. Social security payment paid by the Social Security Administration.

3.Kimberley opened a Roth IRA on November 13, 2016. She has made regular deposits and would like to know the earliest date she can withdraw some of her money in a qualified

A. 1/1/2021

B. 3/17/2021

C. 9/17/2021

D. 11/14/2021

4.Each of the following is a key benefit of the American Opportunity Tax Credit EXCEPT:

A. It may be partially refundable.

B. The maximum credit is slightly higher than that of the lifetime learning credit.

C. Qualified educational expenses include tuition and fees, room and board, and books.

D. It may be claimed by both a taxpayer and a dependent on the same return.