Match the Statements That Relate to Each Other

question 117

Multiple Choice

Match the statements that relate to each other.Note: Some choices may be used more than once.
-Resident of Canada or Mexico

• A)Not available to 65-year old taxpayer who itemizes.
• B)Exception for U.S.citizenship or residency test (for dependency exemption purposes).
• C)Largest basic standard deduction available to a dependent who has no earned income in 2019.
• D)Considered for dependency purposes.
• E)Qualifies for head of household filing status.
• F)A child (age 15) who is a dependent and has only earned income.
• G)Considered in applying gross income test (for dependency exemption purposes).
• H)Not considered in applying the gross income test (for dependency exemption purposes).
• I)Unmarried taxpayer who can use the same tax rates as married persons filing jointly.
• J)Exception to the support test (for dependency exemption purposes).
• K)A child (age 16) who is a dependent and has only unearned income of $4,500.
• L)No correct match provided.

---

Definitions:

Promissory Note

A financial document in which one party promises to pay another a specific sum of money at a specified time or on demand.

Fraudulent Alteration

The illegal modification of a document or instrument in a manner that changes its legal rights or obligations, intended to deceive or defraud.

Electronic Signatures

Digital forms of a signature used to consent or approve documents and contracts electronically.

Holder in Due Course

A legal term that refers to a person who has received a negotiable instrument in a certain way that grants them the right to collect it free from many defenses.