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Quiz Questions for Session 7:
Way to Go! With Tax Credits

Question 1:

To claim the Earned Income Credit (EIC), you, your spouse if filing jointly, & your EIC qualifying child if any, must each have a valid social security number (SSN) issued by the Social Security Administration (SSA).

A) True
B) False

Question 2:

Which are qualified expenses for the Education Credits (Hope Credit & Lifetime Learning Credit)?

A) Room & board & transportation
B) Course-related books & supplies
C) Tuition & fees required for enrollment
D) All of the above

Question 3:

A Credit for the Elderly or the Disabled is available to individuals who are either age 65 or older or are under age 65 and retired on permanent and total disability and who are U.S. citizens or residents. Where can you find more information regarding the eligibility requirements to claim this credit?

A) IRS Publication 524
B) IRS Publication 596
C) IRS Publication 970
D) None of the above

 

 

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