Final Exam
Student:
Wang, Kent
SCORE:
100%
PASSED
What's one way to access the Federal Estimated
Taxes pane in BlockWorks?
Use the Estimates hyperlink found on certain forms
or schedules.
(Wrong)XXChoose it from the Income tab on the Add
Forms and Schedules pane.
Enter a checkmark in the proper box on the Wage W-2
input pane.
All of the above are ways to access the Federal
Estimated Taxes pane in BlockWorks.
How can you open a Detail Statement for entries in
BlockWorks?
XXF6
F7
F8
F9
How many ways are there to access the Asset
Manager?
(Wrong)XX3
1
4
2
If a client has made state estimated payments,
where are they entered in BlockWorks?
On Schedule A
XXOn the state return
On 1040 Pg 2
On the Federal Estimated Payments pane
Where do you enter the cost of the land when
depreciating real property in BlockWorks?
Subtract it from the total cost, and enter the
result in the Cost field in the Asset Manager.
XXOn the Depreciation Worksheet.
Enter it in the Land field in the Asset Manager.
None of the above
What is one way to open the Asset Manager?
By completing Schedule EIC/8867
Through the Common Items tab
None of the above
XXBy entering the depreciation link in Schedule C
When you choose the correct type on the Asset
Manager pane, the ___________is automatically filled in for you.
XXDepreciation Method
Section 179 Depreciation
Special Allowance Depreciation
Prior Depreciation
What's one way to add a Schedule C to a return?
Choose it from the Income tab on Add Forms and
Schedules pane.
Click on the Schedule C link on 1040 Pg 1.
(Wrong)XXType "Schedule C" in the search
field, and select it from the results.
YYY All of the above are ways to add a Schedule C
to a return.
What button will bring up a list of
business codes for you to choose from?
Find Business
Help
XXFind Code
Find Business Code
What does hotkey F6 do?
Advances your cursor to the next field
Advances you to the next page
Deletes all data from the page you are on
XXOpens a Detail Statement
Where can you apply a refund to federal estimated
taxes?
On the state return
On the Schedule A
You can't apply a refund to federal estimated taxes
in BlockWorks.
XXOn the Federal Estimated Taxes pane.
What opens if you press + or - after entering a
number in a dollar value field?
The Detail Statement
XXThe Calculator
The Asset Manager
A state return
How do you open the calculator in BlockWorks?
F9
F7
XXRight-click on any input field, and choose
Calculator from the drop-down menu.
F8
Can a refund be applied to Federal Estimated Taxes
in BlockWorks?
Yes, but only up to $500.
XXYes, a refund can be applied to federal estimated
taxes in BlockWorks.
Yes, but that requires another form to be filled
out.
No, a refund cannot be applied to federal estimated
taxes in BlockWorks