Practice Quiz

CompTIA PDI+ Exam Prep - Question List

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1. Matt has a certified statement from his optometrist on December 1, 2004, that confirms he can see no better than 20/250. For tax year 2004, which is correct?
  1. Matt is not eligible for the higher standard deduction for blindness as he is only partially blind
  2. Matt is eligible for the higher standard deduction for blindness in 2004
  3. Matt is eligible for the higher standard deduction for blindness in 2005, the first full year of his blindness
  4. Matt is not eligible for the higher standard deduction for blindness as he can see better than 20/300
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2. Which of the following statements is true regarding the filing of a Form 4868, Application for an Automatic Extension of Time to File, your 2004 tax return?
  1. Interest is not assessed on any income tax due if a Form 4868 is filed
  2. Form 4868 provides the taxpayer with an automatic additional 6 month extension to file
  3. Even though you file Form 4868, you will owe interest and may be charged a late payment penalty on the amount you owe if you do not pay the tax due by the regular due date
  4. A U.S. citizen, who is out of the country on April 15, will be allowed an addition 12 months to file as long as “Out of the Country” is written across the top of Form 4868
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3. Lisa was married with two dependent children in 2004. Her husband died in April and she did not remarry before the end of 2004. Which filing status should Lisa use for her tax return in 2004?
  1. Single
  2. Married Filing Jointly
  3. Head of Household
  4. Qualifying Widow(er) With Dependent Child
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4. There are five tests which must be met for you to claim an exemption for a dependent. Which of the following is not a requirement?
  1. Citizen or Resident Test
  2. Member of Household or Relationship Test
  3. Disability Test
  4. Joint Return Test
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5. Which statement pertaining to estimated tax payments is not correct?
  1. An individual, whose only income is from selfemployment, will have to pay estimated payments
  2. If insufficient tax is paid through withholding, estimated payments may be necessary
  3. Estimated tax payments are required when the withholding taxes are greater than the overall tax liability
  4. Estimated tax is used to pay not only income tax, but self-employment tax and alternative minimum tax as well
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