Good evening, PLEASE, Can someone take a little bit of his/ her time to check my

Question

Good evening,
PLEASE, Can someone take a little bit of his/ her time to check my answers? I just want the second eye on this one. Thank for your time and help! NEEDS IT BEFORE MORNING. GOOD WEEKEND YALL!





Question 31 of 65. Sandra Williams is single. She itemized deductions in 2015. She plans to itemize for 2016. In order for her plan to itemize deductions to be the most beneficial to her. Her itemized deductions should exceed $4,050 $6.300 9,300 $12.600 Mark for follow up Question 32 of 65. Which of the following deductions may not be claimed on Form 1040A? Educator expenses. Moving expenses. Student loan interest deduction. Tuition and fees deduction. y Mark for follow up Question 33 of 65. Dorothy Fonda is unmarried. filing head of household, with the following income for the year. Waass $34.500 Bank interest $275 Municipal bond interest $115 Lottery prize $325 Gift from her father $5,000 Dorothy $1.250 to her traditional IRA, which she will deduct. What is her AGi? 250 533.250 $33,575 34 5001 22S 1325300 $33,850 $33,965 0-1250) Mark for follow up Question 34 of 65. Linda Perkins (64) shared a home all year with her son, Dennis (41), and Dennis's son. Chase (20, Linda and Dennis worked ull time, and Chase was a part-time student. No one else lived in the home. Assuming that both Linda and Dennis have earned income and an AGI of at least $20,000, but less than $30.000, which of them may claim and re Tax Credit? all year with her son, Dennis (41), and Dennis's son. Chase (20). Dennis worked ceive the Earned Income No one. Linda only Both Linda and Dennis /d0Of Denis Loot not both either

Explanation / Answer

ans)

31) $6,300

32) Moving expenses

33) $33850

  In particular, the municipal bond interest and the gift are not subject to federal income tax.

Wages, bank interest, and the lottery prize are all subject to federal income tax. Add those three numbers together.

Then, since the traditional IRA contribution is an adjustment to income, subtract that number.

The result is the adjusted gross income.

(34500 + 275 +325) - 1250 = 33850

34) No one

35) A taxpayer must have minimum essential coverage in every month of 2016 , qualify for an ACA exemption, or be subject to the ACA tax penalty

36) Non deductible contribution to a traditional IRA

37) (C) American opportunity tax credit

38) $1475

39) Foreign tax credit

40) $500

41) Advise the taxpayer of the consequances of not amending the preivious years return

42) Considered all the due diligence requirements for each credit claimed on the return

43) The taxpayer claims an individual as a qualifying child who does not meet the relationship test and / or residency test

44) Photocopied and retained in the H & R Block client file (attached to form 8879)

45) Take a photocopy of Lisa's billing statement and block receipts to keep in the H & R Block client file, as well as document the questions asked and answers provided to determine Lisa's AOTC eligibility.

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