Tax Knowledge Quiz

Which form will an employee receive that reports wages earned?

• 1040

• 1099-NEC

• 1099-MISC

• W-2

True or false: VITA only helps low-income families.

• TRUE

• FALSE

Which is NOT an itemized deduction?

• Medical & Dental Expenses

• Mortgage Interest

• Child Care Expenses

• Charitable Contributions

True or false: If married, you can only file jointly.

• TRUE

• FALSE

Which form reports student loan interest?

• Form 1040

• Form W-2

• Form 1098-E

• Form 1099-NEC

What form shows tuition payments and scholarships?

• 1099-R

• 1099-T

• 1098-E

• 1098-T

What is the routing number?

• 0025

• 123789456123

• 789123456

What are the 3 letters/numbers that you need to put into the tax return?

• IDU

• ASD

• 901

What is NOT a way that you can pay a tax balance due?

• Direct Debit

• Gold

• Check

• Credit or Debit Card

Which tax credit(s) is/are refundable? (Select multiple)

• American Opportunity Credit

• Lifetime Learning Credit

• Child Tax Credit

• Retirement Savings Credit