New Hires Training Recap Jeopardy Template

Credits	FBAR & 8938	Foreign Nationals	Outbounds	Random
100 Yes, as long as you had an earned income of at least $2,500. Is Child tax credit a refundable credit?	100 Return due date or extended date What is the due date for 8938?	100 Citizenship Green Card SPT What are the 3 tests to become a resident?	100 BFR & PPT Name the two tests that can allow a person to qualify for the FEIE?	100 6,2% What is the % of the Social Security tax?
200 USD 500 Other dependents tax credit: What is the max amount of credit per child?	200 April 15th/October 15th What is the due date for FBAR?	200 183 days How many days of presence at the use do you have to meet under spt between the respective count of the last 3 years?	200 100% allocated to the country of assignment How should be foreign tax payment in compensation be sourced?	200 1,45% What is the % of the medicare tax?
300 USD 2,000 Child tax credit: What is the max amount of credit per child?	300 The treasury exchange rate at Dec 31st What is the exchanged rate used for the FBAR form?	300 J, F, M,Q, Athlete Name one visa type that exempts the individual from spt count days.	300 107,600 The maximum foreign earned income exclusion amount for 2020 returns	300 Grant to vest. What is the sourcing period for an RSU stock?
400 USD 500 Energy efficiency tax credit: What is the max amount of credit?	400 FALSE A non-resident has to file this form if he exceeds the minimum thresholds. TRUE/ FALSE	400 An end of residency statement What do you attach the year the assignee departs back to his country in order to do a DS return?	400 Scale down Name of the reduction done to avoid a double benefit on the same income when taking FEIE + FTC	400 12,400 What is the standard deduction for a MFS in 2020 returns?
500 16 years old before Dec 31st What age is the maximum age to meet the tests for a qualifying child for credit purposes?	500 YES---Single living in US 50K/75K Mark a US citizen living in US has a fgn acct of $80,000. Does Mark have to file 8938?	500 7701 (b) Name the election name that can be taken by a single individual	500 Foreign source. Current Year income. During assignment income. 3 carachteristics of the income considered for FEIE	500 - Housing Reimbursement. - Education Expenses: - Local Transportation Allowances. - Foreign Tax. - Hazardous Duty Pay - Reimbursement of Moving Expenses: What are the 6 fringe benefits?

New Hires Training Recap

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