An individual with gross income of $5,000 could qualify as a qualifying child of another taxpayer but could not qualify as a qualifying relative of another taxpayer.

Answer the following statement true (T) or false (F)


True

The gross income test requires that a qualifying relative's gross income for the year be less than the $4,200 in 2019.

Business

You might also like to view...

The best indicator for assessing a firm's long-term solvency risk is its ability to generate what over a period of years?

a. Sales b. Earnings c. Positive cash flows d. Income from continuing operations

Business

In _____, the government established an official language in 1956, recognizing that language diversity was hindering the country's economic development.

Fill in the blank(s) with the appropriate word(s).

Business

The most important determinant of perceptions of service quality among U.S. customers is reliability.

Answer the following statement true (T) or false (F)

Business

Whiz Bang Cinema is a restaurant. Whiz Bang's owners worry about the environment, using paper products made from recycled paper and recycling everything possible. Whiz Bang also gives its employees every Sunday off to be with family, and the restaurant sponsors many local sports teams. It does this while also making sure it is profitable. Whiz Banks seems to operate with a

A. production orientation. B. strong profit motive. C. marketing department approach. D. sustainable focus. E. triple bottom line.

Business