Tax Preparation Filing Status and Dependents 2

Question 1

A taxpayer provides more than half the support for their elderly parent who lives in a different home. Which test may they satisfy to claim the parent?

Accepted Answer

Qualifying relative test

Answer

Qualifying child test

Answer

Head of Household test

Answer

Earned income test

Question 2

Two divorced parents share custody. Who is generally entitled to claim the child as a dependent?

Accepted Answer

The custodial parent

Answer

The parent with the higher income

Answer

Both parents equally

Answer

The parent who claims Head of Household

Question 3

What form does a custodial parent use to release the dependency exemption to the noncustodial parent?

Accepted Answer

Form 8332

Answer

Form 2441

Answer

Form 1040-X

Answer

Schedule EIC

Question 4

Which statement about the Married Filing Jointly status is correct?

Accepted Answer

Both spouses are jointly and severally liable for the tax

Answer

Both spouses must have income

Answer

It always results in a lower tax than filing separately

Answer

It is only available if both spouses are US citizens

Question 5

A taxpayer's spouse died in 2024. They have a dependent child. What is the most beneficial filing status for tax years 2025 and 2026?

Accepted Answer

Qualifying Surviving Spouse

Answer

Single

Answer

Head of Household

Answer

Married Filing Jointly

Question 6

How many months must a taxpayer have paid more than half the household costs to qualify for Head of Household?

Accepted Answer

More than 6 months

Answer

3 months

Answer

6 months

Answer

All 12 months