Practice Quiz

RTRP - IRS Registered Tax Return Preparer Test - Question List

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1.
For purposes of the Earned Income Credit, a qualifying child is a child who...
  1. is over age 24 at the end of the calendar year and not permanently and totally disabled
  2. has lived with you in the United States for at least 12 months
  3. is filing a joint return
  4. meets the relationship test
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2. A taxpayer should itemize deductions if the taxpayer’s total itemized deductions are...
  1. less than the taxpayer’s interest income
  2. more than the taxpayer’s standard deduction
  3. equal to the taxpayer’s self employment tax
  4. double the taxpayer’s unemployment compensation
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3. Which of the following payments are generally taxable?
  1. Qualified disaster relief payments
  2. VA benefits
  3. Unemployment compensation
  4. Payments from a government welfare fund based on need
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4. The distributions made to a taxpayer from a traditional IRA are less than the required minimum distribution for the year. The amount of excise tax that the taxpayer may have to pay on the amount not distributed is
  1. 75%
  2. 50%
  3. 25%
  4. 10%
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5. Self-employment tax applies to which of the following?
  1. Individuals who report only interest and dividend income
  2. Corporations that report less than $50,000 in gross receipts
  3. Independent contractors reporting net earnings from self-employment of $100
  4. Independent Contractors reporting net earnings from self-employment of $400 or
    more
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