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H&R BLOCK FINAL REVIEW 2025 QUESTIONS AND ANSWERS
H&R BLOCK FINAL REVIEW 2025 QUESTIONS AND ANSWERS
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H&R Block
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H&R Block
H&R BLOCK FINAL REVIEW 2025 QUESTIONS AND ANSWERS
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| Uploaded on: | September 14, 2025 |
| Last updated: | September 14, 2025 |
| Number of pages: | 45 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | H&R BLOCK FINAL REVIEW 2025 QUESTIONS AND ANSWERS |
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H&R BLOCK FINAL REVIEW 2025 QUESTIONS AND ANSWERS Earned Income - --Answer --income is received for services performed. Includes wages, commissions, tips, farming, and other business income Unearned Income - --Answer --taxable income that does not meet the definition of earned income. Ex: interest income, dividends, rents and royalties, pensions, alimony, and unemployment income. If an employee thinks their Form W-2 is incorrect, what should they do? - -Answer --Taxpayer should notify employer and request a corrected Form W-2 and have them update their records with Social Secutiry Adminstration. Notify IRS if necessary. Is interest received on U.S. Treasury Obligations taxable on state and /or local returns? - --Answer --No. expempt by federal law ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
