Test - Senior Tax Specialist Validation Assessment 1 - Barker

Section 1

Question 1 of 10.

What is the amount of Todd's adjustments to income on Schedule 1?

$7,464

$10,969

$18,433

$157,989

Mark for follow up

Question 2 of 10.

What is the amount of Todd's qualified business income deduction?

$23,864

$25,357

$24,904

$29,297

Mark for follow up

Question 3 of 10.

How much tax is Todd paying on his dividends?

$0

$138

$206

$330

Mark for follow up

Question 4 of 10.

Todd's dividends are being taxed at which tax rate?

0%

15%

20%

24%

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Question 5 of 10.

What is Todd's taxable income?

$96,833

$141,293

$157,953

$159,726

Question 6 of 10.

On the 1098 Mortgage entry screen in BlockWorks, which choice is used in the "Carry income to" field?

1

2

3

4

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Question 7 of 10.

After a vehicle has been entered as a new asset, on which Asset Manager screen in BlockWorks can you change the business miles that were driven by Todd?

General tab.

Mileage tab.

Other tab.

Vehicle tab.

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Question 8 of 10.

Are there any diagnostics in BlockWorks related to Todd's Form 1099-DIV?

No, there are no diagnostics related to the Form 1099-DIV.

There is a black diagnostic suggesting that the tax might be lower if the Schedule D Worksheet was used.

There is a green diagnostic about the qualified and ordinary dividends being the same amount.

There is a green diagnostic titled "Qualified Dividends."

Mark for follow up

Question 9 of 10.

How many dropdown fields need to be completed on the pop-up Capital Gains and Losses entry screen for the stock that Todd sold?

0

1

2

3