CO certification test Welcome to the Colorado certification test. Your name Your email What is your primary district number (select only one; the circle in front of your district number): 00 11 12 13 14 15 16 17 18 21 22 25 27 28 George and Martha Washington moved to Colorado in November and are required to file a federal tax return. They received a small income from sources in Colorado but have no Colorado tax liability. They do not have to file a Colorado income tax return. a. True b. False The Washingtons have an extension to file their tax return by October 15, 2024, but they must pay their Colorado tax liability by April 15, 2024. a. True b. False 3. The Washingtons have the following data on their federal tax return: - Total Income = $43,000 - Taxable Income = $10,300 - Total tax = $1,200Form DR 0104 Line 1, the starting point for the Colorado return, will have the following value: a. $43,000 b. $10,300 c. $ 1,200 There is $200 on the Washington’s 1099-INT in box 8, tax-exempt interest. 10% of that tax-exempt interest was earned from bonds issued in Colorado. How much of the tax-exempt interest is entered on Form DR 0104 line 7 as taxable income in Colorado? a. 200 b. 180 c. 20 d. 0 How is the amount of Colorado income tax on Form DR 0104 line 11 determined for full-year Colorado residents? a. 4.4% of the Colorado taxable income for all taxable income levels b. The tax percentage varies with Colorado taxable income Which of these statements is not true of the TABOR refund claimed on Form DR 0104 line 34? a. The refund is $ 800 for one taxpayer and $ 1,600 for married filing jointly for all income levels. b. Part-year Colorado residents receive a percentage of the refund based on how long they lived in Colorado. c. Taxpayers who file under extension by October 15, 2024 can still receive the refund if they have a Colorado tax liability or are claiming a refund of Colorado withholding. Interest earned on a U.S. Government bond is taxable on the federal tax return and subtracted from taxable income on the Colorado tax return on Form DR 0104AD line 2. a. True b. False Both George and Martha Washington (ages 67 and 66) received pensions on their 1099-R forms. Which statement is true about the Pension and Annuity Subtraction on Form DR 0104AD? a. George’s subtraction and Martha’s subtraction are combined and reported on DR 0104 line 4. b. George and Martha may each claim up to $24,000 on their joint Colorado tax return. The Washingtons donated $3,000 to their church. They did not itemize any deductions on Schedule A in their federal tax return. Their Qualifying Charitable Contribution Deduction on Form DR 0104AD line 12 is: a. $ 0 b. $ 500 c. $ 2,500 d. $ 3,000 Which of these credits may not be claimed on the Colorado tax return on Form DR 0104CR? a. Child tax credit, if the child tax credit was claimed on the federal tax return b. Child care expenses credit, if the taxpayer’s AGI is $45,000 c. Earned income tax credit on line 5 or 6, if no earned income tax credit was claimed on the federal tax return. 1 out of 11 Time's up