Quantitative Reasoning
Accurate Acronyms
Thresholds
Secret EFE Scavenger Hunt
100
Marginal Federal income tax rate for Fred, a single filer with $90,000 in taxable income.
What is 24%?
100
AMT stands for this.
What is Alternative Minimum Tax?
100
The maximum amount of ACTC per child.
What is $1,500?
100
Amount owed on the 2022 Federal return by customer with auth id 123145830136614
What is $1,861?
200
The marginal Federal income tax rate for Creed and Christina, who have $200,000 in AGI, $2,500 in student loan interest, and are taking the standard deduction.
What is 22%?
200
HEAT stands for this.
What is -
Hear out their concerns
Empathize
Apologize
Take action
200
Amount of "combined income" on a joint return after which 85% of Social Security benefits are taxable at the Federal level.
What is $44,000?
https://www.ssa.gov/benefits/retirement/planner/taxes.html
200
2022 Federal refund for customer with auth ID 123145763419064
What is $9,256?
300
Capital gains tax rate for Gog and Magog, who are taking the standard on a joint return and have $50,000 in taxable income before considering their $300,000 in net long-term capital gains.
300
UPE stands for this.
What is Unreimbursed Partnership Expenses?
300
Joint AGI at which eligibility for the 2022 Student Loan Interest Deduction is completely phased out.
What is $175,000?
300
2022 Federal balance due for customer with auth ID 4697113942585245
What is $291?
400
Marginal Federal income tax rate for Justin, a MFS filer with $400,000 in taxable income.
What is 37%?
400
AMTI stands for this.
What is Alternative Minimum Taxable Income?
400
Joint AGI at which eligibility for AOTC is completely phased out.
What is $160,000?
400
2022 Federal refund amount for customer with auth ID 9059978171887331.
What is $307?
500
Amount of ACTC Minnie Mom qualifies for, with one qualifying child and $11,000 in earned income.
What is $1,275?
Formula:
15% x (earned income - $2,500)
500
FEEI stands for this.
What is Foreign Earned Income Exclusion?
500
The maximum amount of Child and Dependent Care credit which could possibly be claimed on a 1040, assuming all criteria are met.
What is $1,200?
20% x $6,000.
500
2022 Federal refund amount for customer with auth ID 13563578295295659
What is $1,086?