Samantha’s husband died in March 2016. Samantha filed a joint return with her
husband for 2016. She has not remarried.
• In September 2017, Samantha’s daughter, Meredith, enrolled in college to pursue a
bachelor’s degree. She had no previous post-secondary education. Yuma College is
a qualified educational institution.
• Meredith does not have a felony drug conviction.
• Samantha brought a Form 1098-T and an account statement from the college.
Meredith’s purchases at the college bookstore were for course-related books.
• The terms of Meredith’s scholarship require that it be used to pay for tuition.
• Samantha took a distribution from her IRA and used all of the distribution to pay for
some of Meredith’s education expenses. All her IRA contributions were deductible in
the year she made them.
• Samantha provided the entire cost of maintaining the household and all the support
for her children, Meredith and Oliver, in 2017.
• Samantha’s older brother, Howard, lives with her and is permanently and totally
disabled. He received disability income which he used to provide more than half of
his own support.
• Samantha lost her job in December 2017. She received unemployment for two
weeks in 2017 until she found a new job.
• Samantha provides translation services to earn extra income. She received a Form
1099-MISC for all of the translation income. Her only expense related to this income
was $150 in office supplies.
• Oliver attended day care while Samantha worked.
• Samantha received a Form 1099-C
for cancelled credit card debt. Using
the insolvency determination worksheet
in Publication 4012, you helped
Samantha determine the value of her
assets exceeded her liabilities and that
she was solvent at the time the credit
card debt was cancelled.
• Samantha, Meredith, and Oliver
had MEC all year through Samantha’s
employer. Howard also had MEC all
year.
10. Head of Household is the most advantageous allowable filing status Samantha can
use.
a. True
b. False
11. How many qualifying persons does Samantha have for the earned income credit?
a. 0
b. 1
c. 2
d. 3
12. What is the credit for child and dependent care expenses in the tax and credits
section of Samantha’s Form 1040? $________.
13. The total amount of qualified educational expenses used in the calculation of
Samantha’s 2017 American opportunity credit is:
a. $3,300
b. $3,800
c. $4,000
d. $4,240
14. What is the amount of Samantha’s self-employment tax in the Other Taxes section
of Form 1040, page 2? $________.
15. Where is Samantha’s unemployment income reported?
a. Form 1040, Line 19
b. Form 1040, Line 7
c. Unemployment income does not need to be reported
d. Form 1040, Line 21
16. Samantha’s cancelled debt from Form 1099-C must be included on her federal
income tax return, Line 21, as other income.
a. True
b. False
110 Advanced Scenarios Retest Questions
17. Which exception can Samantha use to avoid the 10% additional tax on the early
distribution from her IRA on Form 5329?
a. She does not qualify for an exception
b. Distribution made for higher education expenses
c. Distribution made for purchase of a first home
d. Distribution due to total and permanent disability
3 answers
Here is the Pdf file of the book I got this from
6744 2017
6744 2017
10 TRUE
11. C
12.
13. C
14
15. D
16 TRUE
11. C
12.
13. C
14
15. D
16 TRUE