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Free EA Exam Part 1 Interactive Quiz (20 Practice Questions with Answers & Explanations)

EA Exam Part 1 Practice Questions

EA Exam Part 1 – Practice Questions

1. Which filing status gives higher deduction for unmarried taxpayer?

Single
Head of Household
Married Filing Separately
Widow
✅ Head of Household gives higher standard deduction and better tax brackets.
2. Which form reports employee wages?

1099-NEC
W-2
941
940
✅ Form W-2 is used to report wages paid to employees.
3. What is normal due date for Form 1040?

March 15
April 15
June 15
Dec 31
✅ Individual tax returns are generally due April 15.
4. Which income is taxable?

Gifts
Child support
Lottery winnings
Municipal bond interest
✅ Lottery winnings are fully taxable.
5. What is purpose of Form W-4?

Report income
Set withholding
File tax
Claim credit
✅ W-4 determines how much tax employer withholds.
6. Which credit helps dependent care?

Child Tax Credit
EITC
Dependent Care Credit
Education Credit
✅ Helps cover cost of caring for dependents while working.
7. Schedule C reports?

Rental
Business income
Interest
Capital gain
✅ Schedule C reports self-employment income.
8. Which is refundable credit?

Child credit
EITC
LLC
FTC
✅ Earned Income Credit is refundable.
9. Schedule A is for?

Itemized deductions
Interest
Business
Gains
✅ Schedule A is used for itemizing deductions.
10. Education credit?

CTC
AOTC
EITC
Saver
✅ AOTC applies to qualified education expenses.
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