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Author: Exams
1Academic Level / 12.07.2019
http://www.irs.gov/pub/irs-pdf/f6744.pdf Using this link with the information posted within it, answer the following questions 2014 Basic Exam – Scenario 7: Warren and Shirley Graves 14. Warren has an Identity Protection PIN. How does this affect his return preparation? A. This return cannot be prepared at a volunteer site. B. The Identity Protection PIN must be entered during return preparation. C. The return must be filed as a paper return. D. All of the above. 15. What is the correct amount of taxable interest shown on the Graves’ Form 1040, line 8a? A. $0 B. $9 C. $800 D. $809 16. Is the Graves’ social security income taxable? A. No, because their total income is less than $60,000. B. No, social security benefits are never taxable. C. Yes, a portion of the social security income is taxable. D. Yes, all of the social security income is taxable. 17. Both Warren and Shirley are over 65. How does that affect their tax return? A. There is no effect. B. It increases their standard deduction C. It increases their personal exemptions. D. They must itemize their deductions. 18. Warren and Shirley want to avoid having a balance due next year. Shirley can submit a Form W4-P to have tax withheld on her pension. True False
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