An Individual Who Is Claimed as a Dependent by Another

question 85

True/False

An individual who is claimed as a dependent by another person is not entitled to a personal exemption on his or her own return.

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Definitions:

Liability

A legal obligation or responsibility, often in the form of debt or duty to compensate for loss or damage caused.

Improper Refusal

A situation where a party unjustly rejects a contract offer or fails to perform an action required by the agreement.

Checking Account

A bank account that allows for both deposits and withdrawals and is primarily used for daily transactions.

Contractual Agreement

A legally binding agreement between two or more parties, outlined in a document, that is enforceable by law.