What Is the Main Difference Between Mediation and Arbitration

question 58

Multiple Choice

What is the main difference between mediation and arbitration?

• A) Only mediation uses a neutral third party.
• B) Only an arbitrator can impose a settlement.
• C) Only mediation looks at both sides of the conflict.
• D) All of the choices are correct.

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Definitions:

Qualifying Child

A dependent who meets specific IRS criteria related to age, relationship, residency, support, and filing status for potential tax benefits.

Head of Household

A tax filing status for individuals living in the U.S. who are unmarried and support a qualifying person, offering more favorable tax rates and deductions.

Adjusted Gross Income (AGI)

A measure of income calculated from your gross income and used to determine how much of your income is taxable.

Standard Deduction

A fixed amount that taxpayers can subtract from their income before income tax is applied, reducing the taxable income, and which varies based on filing status.