Part 1 Exam 4 | Med School Hub

EA Full Length Practice Test Part I – Exam 4

This is an EA full-length practice exam designed to replicate real test conditions as closely as possible.

📘 Exam Instructions

Before You Begin

Time Limit: 210 minutes (Timer will start when you click ‘Start’)
Format: 100 multiple-choice questions
Environment: Choose a quiet space with no distractions
No Resources: Close books, notes, and this guide
Answer Every Question: Even if unsure, make your best guess
Simulate Real Conditions:
- No phone
- No interruptions
- No unnecessary breaks

🧠 When You Start

Start the timer and begin with Question 1
Work steadily — do not spend too much time on one question
If a question is too difficult, skip it and return later if time allows
Stay focused and maintain a consistent pace

⏱️ After Completion

Stop immediately at 210 minutes, even if you are not finished
Do not check answers during the test
Review your answers only after completing the entire exam

1 / 100

Tags: taxpayer, supports, their, mother

A. A taxpayer supports their mother who lives in another state and pays 60% of her support. The mother has $5,000 of Social Security income. What filing status can the taxpayer claim?

A. Single

B. Head of Household

C. Married Filing Separately

D. Qualifying Widow(er)

2 / 100

Tags: year, full, Time, Student

B. A 22-year-old full-time student earns $14,000 and lives with parents. Can parents claim the child?

A. Yes, always

B. No, income too high

C. Yes, if support test met

D. No, over age limit

3 / 100

Tags: Married, taxpayer, lived, apart

C. A married taxpayer lived apart from spouse for last 7 months and maintained a home for a child. Filing status?

A. Head of Household

B. Married Filing Separately

C. Married Filing Jointly

D. Single

4 / 100

Tags: Which, fails, qualifying, relative

D. Which fails the qualifying relative test?

A. Brother earning $3,000

B. Parent supported by taxpayer

C. Friend earning $6,000

D. Child under age 19

5 / 100

Tags: breaker, rules, apply

E. Tie-breaker rules apply when:

A. Only one taxpayer claims dependent

B. Multiple taxpayers claim same child

C. Child earns income

D. Multiple taxpayers claim same child

6 / 100

Tags: dependent, must, meet, gross

F. A dependent must meet gross income test for:

A. Qualifying child

B. Qualifying relative

C. Both

D. Neither

7 / 100

Tags: taxpayer, claims, without, dependent

G. A taxpayer claims HOH without dependent. Result?

A. Disallowed

B. Allowed

C. Credit reduced

D. Audit only

8 / 100

Tags: divorced, parent, claim, child

H. A divorced parent may claim child if:

A. Child lives with them more than half year

B. Pays support

C. Earns less income

D. Files jointly

9 / 100

Tags: Custodial, parent, release, exemption

I. Custodial parent can release exemption using:

A. Form 2848

B. Form 1040

C. Form 8332

D. Form 8862

10 / 100

Tags: qualifying, child, must, provide

J. A qualifying child must not provide over:

A. 25% support

B. 50% support

C. 75% support

D. 100% support

11 / 100

Tags: Multiple, Support, agreement, applies

K. Multiple support agreement applies to:

A. Qualifying child

B. Qualifying relative

C. Both

D. Neither

12 / 100

Tags: Which, qualifies, dependent

L. Which qualifies as dependent?

A. Neighbor

B. Cousin not living with taxpayer

C. Parent

D. Friend

13 / 100

Tags: dependent, taxpayer, Standard, Deduction

M. Dependent taxpayer standard deduction is:

A. Full standard deduction

B. Itemized only

C. Zero

D. Limited to earned income + amount

14 / 100

Tags: Married, couple, files, separately

N. A married couple files separately. Which is true?

A. Both must itemize if one itemizes

B. Both must take standard

C. Either chooses independently

D. Credits unaffected

15 / 100

Tags: qualifying, widow, requires

O. Qualifying widow(er) requires:

A. Dependent child

B. Remarriage

C. No dependents

D. Parent dependent

16 / 100

Tags: taxpayer, receives, lawsuit, emotional

P. Taxpayer receives $50,000 lawsuit for emotional distress (non-physical). Tax treatment?

A. Excluded

B. Deductible

C. Deferred

D. Taxable

17 / 100

Tags: Employer, pays, employee, tuition

Q. Employer pays employee’s tuition. Treatment?

A. Fully taxable

B. Excluded up to limit

C. Deductible

D. Credit

18 / 100

Tags: Life, Insurance, policy, transferred

R. Life insurance policy transferred for value. Result?

A. Fully excluded

B. Fully taxable

C. Partially taxable

D. Deductible

19 / 100

Tags: Discharge, debt, bankruptcy

S. Discharge of debt in bankruptcy:

A. Excluded

B. Taxable

C. Deferred

D. Deductible

20 / 100

Tags: Bartering, income

T. Bartering income:

A. Not taxable

B. Taxable at FMV

C. Deferred

D. Credit

21 / 100

Tags: Punitive, damages, received

U. Punitive damages received:

A. Excluded

B. Deductible

C. Deferred

D. Taxable

22 / 100

Tags: Interest, Series, bonds, Education

V. Interest on Series EE bonds for education:

A. Always taxable

B. Deferred

C. Excluded if qualified

D. Credit

23 / 100

Tags: Alimony, received

W. Alimony received (pre-2019):

A. Taxable

B. Excluded

C. Deductible

D. Credit

24 / 100

Tags: Fringe, benefit, additional, cost

X. Fringe benefit (no-additional-cost service):

A. Taxable

B. Excluded

C. Deductible

D. Deferred

25 / 100

Tags: Stock, dividend

Y. Stock dividend:

A. Taxable

B. Credit

C. Deductible

D. Not taxable (generally)

26 / 100

Tags: Rental, Security, deposit, kept

Z. Rental security deposit kept:

A. Excluded

B. Deductible

C. Deferred

D. Taxable

27 / 100

Tags: Advance, rent, received

AA. Advance rent received:

A. Taxable when received

B. Deferred

C. Deductible

D. Credit

28 / 100

Tags: Forgiven, Student, loan, qualifying

AB. Forgiven student loan under qualifying program:

A. Taxable

B. Deferred

C. Excluded

D. Deductible

29 / 100

Tags: Jury, duty, given, Employer

AC. Jury duty pay given to employer:

A. Still taxable

B. Not taxable

C. Deductible

D. Credit

30 / 100

Tags: Gambling, winnings, offset, losses

AD. Gambling winnings offset by losses:

A. Net reported

B. Report gross; deduct separately

C. Not reported

D. Credit

31 / 100

Tags: Illegal, income

AE. Illegal income:

A. Taxable

B. Not taxable

C. Deferred

D. Deductible

32 / 100

Tags: Employer, provided, meals, convenience

AF. Employer-provided meals for convenience:

A. Taxable

B. Deferred

C. Deductible

D. Excluded

33 / 100

Tags: Prizes, awards

AG. Prizes and awards:

A. Always excluded

B. Generally taxable

C. Deductible

D. Deferred

34 / 100

Tags: Disability, income, premiums

AH. Disability income (after-tax premiums):

A. Taxable

B. Deferred

C. Excluded

D. Deductible

35 / 100

Tags: damages, physical, injury

AI. Damages for physical injury:

A. Excluded

B. Taxable

C. Deferred

D. Credit

36 / 100

Tags: Which, reduces

AJ. Which reduces AGI?

A. Standard deduction

B. Above-the-line deduction

C. Credit

D. Exemption

37 / 100

Tags: contribution

AK. HSA contribution:

A. Itemized deduction

B. Credit

C. Above-the-line

D. Exclusion

38 / 100

Tags: Medical, expense, threshold

AL. Medical expense threshold:

A. 5%

B. 12%

C. 10%

D. 7.5%

39 / 100

Tags: Investment, Interest, Deduction, limited

AM. Investment interest deduction limited to:

A. Total income

B. Net investment income

C. AGI

D. Taxable income

40 / 100

Tags: Charitable, contributions, require

AN. Charitable contributions require:

A. Receipt

B. No documentation

C. Oral statement

D. Estimate

41 / 100

Tags: Casualty, loss, reduction, includes

AO. Casualty loss reduction includes:

A. $100 rule

B. 10% AGI rule

C. Both

D. None

42 / 100

Tags: Deduction, limited

AP. QBI deduction limited by:

A. Wages

B. Property

C. Income thresholds

D. All

43 / 100

Tags: SALT, limitation, applies

AQ. SALT limitation applies to:

A. Personal taxes

B. Business taxes

C. Payroll taxes

D. Federal taxes

44 / 100

Tags: Mortgage, Interest, limited

AR. Mortgage interest limited to:

A. Any loan

B. Business only

C. Personal loans

D. Qualified residence debt

45 / 100

Tags: Standard, Itemized, choice

AS. Standard vs itemized choice:

A. IRS decides

B. Taxpayer chooses higher benefit

C. Must itemize

D. Must standard

46 / 100

Tags: Hobby, loss, rules

AT. Hobby loss rules:

A. Fully deductible

B. Limited to income

C. Not deductible

D. Credit

47 / 100

Tags: Educator, expense, qualifies, teacher

AU. Educator expense qualifies if teacher works:

A. 100 hours

B. 250 hours

C. 500 hours

D. Full-time only

48 / 100

Tags: Student, loan, Interest, phaseout

AV. Student loan interest phaseout depends on:

A. AGI

B. Filing status

C. Both

D. None

49 / 100

Tags: Deduction, limited

AW. IRA deduction limited by:

A. Age

B. Income

C. Coverage by plan

D. All

50 / 100

Tags: Moving, expenses, allowed

AX. Moving expenses allowed for:

A. All taxpayers

B. Military only

C. Business owners

D. None

51 / 100

Tags: Alimony, Deduction, applies

AY. Alimony deduction applies to:

A. All

B. Pre-2019

C. Post-2019

D. None

52 / 100

Tags: Gambling, losses, reported

AZ. Gambling losses reported on:

A. Schedule A

B. Schedule C

C. Schedule D

D. Form 8949

53 / 100

Tags: Excess, business, loss, limitation

BA. Excess business loss limitation applies to:

A. Individuals

B. Corporations

C. Estates only

D. Partnerships only

54 / 100

Tags: carryforward

BB. NOL carryforward:

A. 5 years

B. 10 years

C. Indefinite

D. None

55 / 100

Tags: Itemized, deductions, reduced

BC. Itemized deductions reduced by:

A. Credits

B. AGI limits

C. Filing status

D. Income tax

56 / 100

Tags: child, Credit, phaseout, begins

BD. Child Tax Credit phaseout begins at:

A. Low income

B. Moderate income

C. High income

D. No phaseout

57 / 100

Tags: EITC, requires

BE. EITC requires:

A. Earned income

B. Investment income only

C. Gifts

D. Inheritance

58 / 100

Tags: AOTC, Refundable, portion

BF. AOTC refundable portion:

A. 20%

B. 40%

C. 50%

D. 100%

59 / 100

Tags: Lifetime, Learning, Credit, applies

BG. Lifetime Learning Credit applies to:

A. Undergraduate only

B. High school

C. Graduate allowed

D. None

60 / 100

Tags: dependent, Care, Credit, requires

BH. Dependent care credit requires:

A. Work-related expense

B. Education

C. Travel

D. Medical

61 / 100

Tags: Short, term, gain, taxed

BI. Short-term gain taxed as:

A. Capital

B. Excluded

C. Deferred

D. Ordinary

62 / 100

Tags: Long, term, holding, period

BJ. Long-term holding period:

A. >6 months

B. >12 months

C. >18 months

D. >24 months

63 / 100

Tags: Basis, equals

BK. Basis equals:

A. Cost

B. FMV

C. Gain

D. Loss

64 / 100

Tags: Depreciation, recapture

BL. Depreciation recapture:

A. Capital

B. Excluded

C. Ordinary

D. Deferred

65 / 100

Tags: Like, kind, exchange

BM. Like-kind exchange:

A. Stocks

B. Inventory

C. Personal property

D. Real property

66 / 100

Tags: Wash, sale

BN. Wash sale:

A. Gain

B. Loss disallowed

C. Credit

D. Exclusion

67 / 100

Tags: capital, loss, limit

BO. Capital loss limit:

A. $1K

B. $2K

C. $3K

D. $5K

68 / 100

Tags: Gift, Basis

BP. Gift basis:

A. Donor basis

B. FMV

C. Zero

D. Cost

69 / 100

Tags: Inherited, Basis

BQ. Inherited basis:

A. Cost

B. Zero

C. FMV

D. Sale price

70 / 100

Tags: Section

BR. Section 1231:

A. Personal property

B. Business property

C. Inventory

D. Securities

71 / 100

Tags: Early, Withdrawal, penalty

BS. IRA early withdrawal penalty:

A. 5%

B. 10%

C. 15%

D. 20%

72 / 100

Tags: Tax

BT. RMD age:

A. 70

B. 72

C. 73

D. 75

73 / 100

Tags: NIIT, rate

BU. NIIT rate:

A. 3.8%

B. 2%

C. 5%

D. 10%

74 / 100

Tags: covers

BV. SE tax covers:

A. Income tax

B. Property tax

C. Sales tax

D. SS + Medicare

75 / 100

Tags: Kiddie, applies

BW. Kiddie tax applies to:

A. Earned income

B. Unearned income

C. Adults

D. All income

76 / 100

Tags: Estimated, threshold

BX. Estimated tax threshold:

A. $500

B. $1,000

C. $2,000

D. $5,000

77 / 100

Tags: Failure, file, penalty

BY. Failure-to-file penalty:

A. 1%

B. 5%

C. 10%

D. 25%

78 / 100

Tags: Failure, penalty

BZ. Failure-to-pay penalty:

A. 0.5%

B. 1%

C. 5%

D. 10%

79 / 100

Tags: statute, limitations

CA. Statute of limitations:

A. 2 years

B. 3 years

C. 5 years

D. 10 years

80 / 100

Tags: Fraud, statute

CB. Fraud statute:

A. 3 years

B. 6 years

C. 10 years

D. Unlimited

81 / 100

Tags: form

CC. Form 2848:

A. Return

B. Credit

C. POA

D. Wage

82 / 100

Tags: PTIN, required

CD. PTIN required:

A. Preparing

B. Filing

C. Auditing

D. Appeals

83 / 100

Tags: Circular

CE. Circular 230:

A. Taxpayers

B. States

C. Corporations

D. Professionals

84 / 100

Tags: diligence, applies

CF. Due diligence applies:

A. All returns

B. Credits

C. Audits

D. Corporations

85 / 100

Tags: Innocent, spouse, relief

CG. Innocent spouse relief:

A. Conditional

B. Always

C. Never

D. Automatic

86 / 100

Tags: Offer, compromise

CH. Offer in compromise:

A. Refund

B. Ability to pay

C. Credit

D. Deduction

87 / 100

Tags: Installment, agreement

CI. Installment agreement:

A. Lump sum

B. Refund

C. Credit

D. Pay over time

88 / 100

Tags: Refundable, Credit

CJ. Refundable credit:

A. Refund beyond liability

B. Reduce tax only

C. Deduction

D. Exclusion

89 / 100

Tags: helps

CK. TAS helps:

A. Filing

B. Audits

C. Hardship

D. Credits

90 / 100

Tags: Backup, withholding

CL. Backup withholding:

A. 20%

B. 22%

C. 24%

D. 28%

91 / 100

Tags: Identity, theft, indicator

CM. Identity theft indicator:

A. High income

B. Duplicate SSN

C. Refund

D. Filing

92 / 100

Tags: Record, retention

CN. Record retention:

A. 1 year

B. 2 years

C. 3 years

D. 10 years

93 / 100

Tags: audit, types, include

CO. Audit types include:

A. Field

B. Office

C. Correspondence

D. All

94 / 100

Tags: Refund, statute

CP. Refund statute:

A. 2 years

B. 3 years

C. 5 years

D. 10 years

95 / 100

Tags: Failure, penalty

CQ. Failure-to-pay max penalty:

A. 10%

B. 15%

C. 25%

D. 50%

96 / 100

Tags: filing, false, return

CR. Filing false return:

A. Civil only

B. Criminal possible

C. None

D. Warning

97 / 100

Tags: Amended, return, form

CS. Amended return form:

A. 1040

B. 1040-X

C. 2848

D. 1099

98 / 100

Tags: Extension, form

CT. Extension form:

A. 4868

B. 2848

C. 1040

D. 941

99 / 100

Tags: Substitute, return

CU. Substitute for return:

A. IRS prepares

B. Taxpayer prepares

C. CPA prepares

D. None

100 / 100

Tags: Refundable, nonrefundable

CV. Refundable vs nonrefundable:

A. Same

B. Different

C. Depends

D. None

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