Vicky Is a Single, 21 Year-Old, Full-Time Student Who Purchased

question 2

True/False

Vicky is a single, 21 year-old, full-time student who purchased health care through the state health care exchange for the full year. Her part-time job pays her $12,000 in 2015. She files her own tax return but is claimed as a dependent by her parents. Vicky is eligible for the premium tax credit.​

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Definitions:

UCC

The extensive legal provisions of the Uniform Commercial Code cover all forms of commercial transactions occurring in the United States.

Commercial Transactions

Deals or agreements between parties that involve the exchange of goods, services, or funds in the course of business operations.

Common Law

A legal system characterized by judicial decisions that are recognized as binding, forming a body of law developed through court decisions over time.

Checking Account

A bank account that allows depositors to write checks and make withdrawals, often used for daily financial transactions.