VITA Session 1 Quiz with Correct Answers 100

VITA Session 1 Quiz with Correct Answers 100% Verified What weighted average of scores must volunteers get on weekly quizzes?

A) 100%

B) 80%

C) 65%

• 70% - Correct Answer D) 70%

(T/F) You are allowed to Quality Review a tax return that you filed. - Correct Answer False How many volunteer hours are required during Winter and Spring Quarters respectively?

• 12 Hours; 9 Hours
• 14 Hours; 6 Hours
• 10 Hours; 12 Hours
• 9 Hours, 9 Hours - Correct Answer A) 12 Hours; 9 Hours

Becky finished preparing a tax return for Susan which came out to have a large refund. Thrilled, Susan offers Becky $50 for her quality service and respectful manner. Which of the following statements are correct?

• Becky should accept the $50 and thank Susan for her kindness.
• Becky should reject Susan's offer and tell her that she cannot accept any form of payment.
• Becky says that it would be more convenient if Susan could Venmo her the $50 instead. - Correct

Answer B) Becky should reject Susan's offer and tell her that she cannot accept any form of payment.A client finished filling out their intake form (Form 16314-C) and the volunteer notices that the client had the "unsure" box checked on the Interest/Dividends section. What should you as a volunteer do in this situation?

• Ask the client to make sure if she had received any of the forms (1099-INT; 1099-DIV).
• Disregard the issue and move on with preparing the tax return.
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