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Couldn't confirm presence of Flash 8 or higher because JavaScript was disabled.Get FlashI really do have Flash installed.ul{margin-top:0px;margin-bottom:0px;list-style-type:none;padding-left:20px;}1. You, a single taxpayer, paid $5,100 in child care, you earned $28,000 for the entire year, and you have one qualifying child. What is your child and dependent care expenses credit for tax year 2007?

[ ] a. a. $840

[ ] b. b. $420

[ ] c. c. $1,428

[ ] d. d. $714

2. I want to file my return and have no tax liability. If I claim the child and dependent care expenses credit, would I still get a refund for California based on my Child and dependent Care expenses credit?

[ ] a. a. Yes, tax liability can be zero, and you can still qualify because for California credit is refundable

[ ] b. b. No, the amount of credit is limited to the amount of tax liability and is non-refundable

[ ] c. c. No, even if you have tax, the child and dependent care credit would not cancel it and thus there is no reason to claim it

[ ] d. d. No, California does not have a Child and Dependent Care Expenses Credit

3. Juan and Maria Escobedo are married and keep up a home for their two pre-school children. In tax year 2007, they claimed their children as dependents. Juan earned $25,200 and Maria earned $8,200. They paid $5,900 in work related child care expenses. What is their credit?

[ ] a. a. $1,475

[ ] b. b. $856

[ ] c. c. $1,711

[ ] d. d. $738

4. To claim the Child and Dependent Care Expenses Credit for California, you must complete and attach to your California tax return the following:

[ ] a. a. Federal Form 2441 or Schedule 2.

[ ] b. b. FTB Form 3506

[ ] c. c. Federal Form 3102 or Schedule 3

[ ] d. d. Federal Form 2106 or Schedule C

5. In tax year 2007, if your gross income is $45,000 and your federal child and dependent care expenses credit amount was $480, then your California Credit is

[ ] a. a. $206

[ ] b. b. $0

[ ] c. c. $240

[ ] d. d. $163

6. For Federal the child and dependent care expenses care credit is a non-refundable credit and for California the credit is

[ ] a. a. not allowed

[ ] b. b. amount of credit if is always greater than Federal credit

[ ] c. c. the same as federal

[ ] d. d. a refundable credit

7. What is the percentage of the federal Child and Dependent Expenses Care credit that is allowed for California for taxpayers who earned more than $100,000 in 2007?

[ ] a. a. 42%

[ ] b. b. 50%

[ ] c. c. 63%

[ ] d. d. 0%

8. In tax year 2007, to qualify for the California child and dependent care expenses credit, your federal adjusted gross income must be less than

[ ] a. a. $40,000

[ ] b. b. $70,000

[ ] c. c. $100,000

[ ] d. d. $15,000

9. In tax year 2007, if you are head of household and you would like to qualify for renter's credit, you would not qualify if your income is over what amount?

[ ] a. a. $33,272

[ ] b. b. $64,544

[ ] c. c. $66,544

[ ] d. d. $100,000

10. In 2007, if for more than half of the year, you lived in the home of a parent, foster parent, or legal guardian whom can claim you as a dependent

[ ] a. a. you do not qualify for the renter's credit

[ ] b. b. you prepare a renter's qualification record and divide the credit accordingly

[ ] c. c. you qualify to claim the credit because everyone in the household qualifies as long as you pay at least $1.00 of rent

[ ] d. d. Since you are a dependent, you still qualify for $60

11. The non-refundable renter's credit qualification record must be kept with your records; therefore, you should not mail it.

[ ] a. True

[ ] b. False

12. To qualify for Renter's credit, you must have paid rent for at least 6 months of the tax year and your principal residence must have been in California.

[ ] a. True

[ ] b. False

13. If your filing status was married filing separate, you cannot claim the California renter's credit.

[ ] a. True

[ ] b. False

14. If a single employer withheld California State Disability Insurance (SDI) from your wages at more than .6 % of your gross wages,

[ ] a. a. contact the employer for refund

[ ] b. b. claim excess SDI on your Form 540/540A

[ ] c. c. contact the state of California for a refund

[ ] d. d. you cannot get a refund because once W2 is filed it is too late.

15. You may be entitled to claim a credit for excess SDI on Form 540/540A if

[ ] a. a. you had two or more employers during 2007.

[ ] b. b. you received more than $83,389 in wages

[ ] c. c. the amounts of SDI withheld appear on your forms W2.

[ ] d. d. all of the above

16. For California you claim the child and dependent care expenses credit on form

[ ] a. a. FTB 3506

[ ] b. b. FTB 3808

[ ] c. c. FTB 2441

[ ] d. d. FTB 2

17. For purposes of claiming the California Child and Dependent Care Expenses Credit, if your child turns age 13 during the year

[ ] a. a. the child is not a qualifying person because he has to have been under age 13 at the end of the year

[ ] b. b. the child's age does not matter as long as he is your dependent

[ ] c. c. the child is a qualifying person for the part of the year he or she was under age 13

[ ] d. d. the child is not a qualifying child because the child has to be in pre-school

18. In tax year 2007, my wife did not work all year because she was not able to care for herself for the entire year. I worked and earned $21,000. We have one qualifying child for the Child and Dependent care credit. We paid $2,000 for child care. How much credit can we qualify for?

[ ] a. a. $620

[ ] b. b. $310

[ ] c. c. $1,000

[ ] d. d. $744

19. You are single and only paid rent for one month in 2007. You qualify to claim the renter's credit.

[ ] a. True

[ ] b. False

20. If there are no differences between your federal and California income or deductions, do not file a Schedule CA (540).

[ ] a. True

[ ] b. False

21. What are the 2007 exemption amounts for California?

[ ] a. a. Personal $94

[ ] b. b. Dependent $294

[ ] c. c. Personal $3,516

[ ] d. d. Both a and b are correct.

22. Who is a qualifying individual for the Child and Dependent Care Credit?

[ ] a. a. A dependent of the taxpayer under 13 years of age

[ ] b. b. A dependent of the taxpayer who is physically or mentally unable to care for him or herself.

[ ] c. c. Spouse of the taxpayer who is physically or mentally unable to care for him or herself.

[ ] d. d. All of the above

23. One of the requirements to qualify to claim the Child and Dependent Care Credit for California is that

[ ] a. a. You maintain a household located within the state of California.

[ ] b. b. Your qualifying child is over 13 years of age just as long as he or she is not over 19.

[ ] c. c. Your adjusted gross income must be more than $100,000 for 2007.

[ ] d. d. You have no earned income for 2007.

24. The Nonrefundable Renter's Credit is a personal income tax credit that can only be used to offset your tax liability; therefore, you must have a tax liability to claim the credit.

[ ] a. True

[ ] b. False

25. You qualify for the Nonrefundable Renter's Credit if you rented a property for more than half the year that was exempt from California property tax in 2007.

[ ] a. True

[ ] b. False

26. Laura was 17 years of age in 2007. She lived with her parents and under their care in 2007. Laura can claim the Nonrefundable Renter's Credit for 2007.

[ ] a. True

[ ] b. False

27. You may be entitled to claim a credit for excess SDI (or VPDI) only if

[ ] a. a. You had two or more employers during 2007.

[ ] b. b. You received more than $83,389 in wages

[ ] c. c. The amounts of SDI (or VPDI) withheld appear on your Forms W-2

[ ] d. d. All of the above

28. The 2007 SDI (or VPDI) limit is

[ ] a. a. $100,000

[ ] b. b. $500.33

[ ] c. c. $83,389

[ ] d. d. .6%

29. The Nonrefundable Renter's Credit is $60 for individual taxpayers a (single or married filing a separate return) with an adjusted gross income of $33,272.00 or less and $120 for married couples (married filing jointly, head of household, or qualified widow (er)) with an adjusted gross income of $66,544.00 or less.

[ ] a. True

[ ] b. False

30. Attach a doctor's statement to the back of Form 540/540A indicating your or your spouse/RDP are visually impaired every time you file a tax return.

[ ] a. True

[ ] b. False

31. If you had no federal filing requirement, use the same filing status for California you would have used to file a federal income tax return. RDPs who file single for federal must file

[ ] a. a. married/RDP filing jointly for California

[ ] b. b. married/RDP filing separately for California

[ ] c. c. single for California

[ ] d. d. both a and b are correct.

32. To claim an exemption credit for each of your dependents, enter each dependent's name and relationship to you in the space provided. If there is not enough space

[ ] a. a. you don't need to name your dependents, just multiply the number of dependent exemptions.

[ ] b. b. only include dependents that fit in the space provided.

[ ] c. c. attach a separate sheet of paper to include all dependents

[ ] d. d. none of the above.

33. For your California return you need to adjust your federal itemized miscellaneous deductions if you had

[ ] a. a. gambling losses

[ ] b. b. medical and dental expenses

[ ] c. c. mortgage interest expenses

[ ] d. d. contributions to church

34. For your California return, you need to adjust your federal itemized miscellaneous deductions by any of the following:

[ ] a. a. Federal Mortgage Interest Credit

[ ] b. b. Investment Interest Expense Deduction

[ ] c. c. Employee Business Expenses

[ ] d. d. All of the above