Memorize the Various Formats for Tax Calculation
The EA Exam is filled with various tax entities that require knowledge of the basic formats of tax computation, such as tax formulas. Therefore, you’ll have a huge advantage if you lock down your format knowledge for the different possible tax entities that will appear on the EA Exam. For example, the exam will most likely have several questions that call for you to distinguish between deductions for adjusted gross income and those for adjusted gross income. Having memorized all the formulas and formats make questions like these not as tricky to answer. Hence, try to prioritize these subjects on your study guide!
Practice, Practice, Practice
The most important step during the whole studying process! Practicing with multiple choice questions as you learn the material is the best way to ensure you’ve understood each part of the exam well enough to get a passing score. Some of the best review courses, will even track your answers and organize your next practice quiz with just the questions you need to improve on.
This is the most efficient and effective way to study because you will see how you’re scoring before you walk into the real exam. Also, you can do a test-drive of the EA Exam through your local Prometric’s testing center so there will be no surprises come exam day.