H&R BLOCK MIDTERM REVIEW EXAM WITH 100% CORRECT ANSWERS
Question :Which of the following is considered earned income?
C
a) Interest from a bank
b) Unemployment compensation
c) Income from farming
d) Gambling winnings
Correct answer:C
Question :The tax on income that comes entirely from wages
under $100,000 is determined according to the: A
a) Tax Tables
b) Tax Computation Worksheet
c) Qualified Dividends and Capital Gain Tax Worksheet
d) Schedule D Tax Worksheet
Correct answer:A
Question :Which of the following shows these numbers rounded
correctly: $31.43, $143.57, $369.22, $1,547.88. B
a) $32. $142. $368. $1,547.
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