Employment Test

1. Taxpayers who bought their own health care policy under the Affordable Care Act requirements may be eligible for a tax credit. It's known as:

Medical Insurance Credit

Obamacare Credit

Premium Tax Credit

Health Credit

If you're divorced and have custody of your kids, you should file as:

Single

Married filing Separately

Head of Household

Divorced

If you have income that isn't subject to withholding tax, such as investment or self-employment earnings, you should pay estimated taxes. How many estimated tax payments does the IRS expect from you each year?

You have two tax deduction options: Claim the standard amount or itemize your deductions. You should:

Pick one method and change only when a major life event affects your taxes.

Make the choice annually, depending on your current financial and tax situation

Alternate the deduction methods year to year

It depends on your filing status

When you get married, as newlyweds you should:

Reassess your withholding amounts

Evaluate how your combined income affects retirement accounts

Update your workplace flexible spending account information and contributions

All of the above

Taxes seem to get more complicated each year. That's why more than half of us each year pay someone to file our returns. When selecting a tax pro, you should:

Use your brother-in-law's services

Get recommendations from co-workers

Go to the nearest tax preparation chain office

Examine your specific situation and tax-filing needs

Tax time is tax-scam time. In recent years, one scam has made major inroads into many taxpayers' lives. It is:

Unscrupulous tax preparers

Fake IRS agent telephone calls

Phishing for personal data

Bogus charitable organizations

What is the 2016 penalty for not having insurance per Adult?

525

995

775

625

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