4. Taxes and Income

Filing Basics — Quiz

Test your understanding of filing basics with 5 practice questions.

Practice Questions

Question 1

Maria is 17 and claimed as a dependent. She has \12,000 of earned W-2 wages and \$1,400 of unearned investment income. Must she file a federal tax return?

Question 2

A taxpayer has \$15,000 of W-2 wages and \$5,000 of net self-employment income. Compute taxable income given self-employment tax of 15.3% on 92.35% of SE income and a standard deduction of \$13,850.

Question 3

Which form must taxpayers who received advance premium tax credits for Marketplace health coverage attach to their Form 1040 to reconcile the credit?

Question 4

A taxpayer has \$12,000 of wages, \$600 of interest income, and \$3,000 of unemployment compensation in 2024. Must they file, and if so, which form?

Question 5

When e-filing a federal tax return, which of the following is commonly used to verify identity and transmit the return?