For Purposes of the Dependency Exemption,a Qualifying Child Must Be

question 17

True/False

For purposes of the dependency exemption,a qualifying child must be under age 19,a full-time student under age 24,or a permanently and totally disabled child.

---

Definitions:

Rent

A periodic payment made by tenants to landlords for the use of land, a building, or other property.

Supply Curve

A curve that illustrates the supply for a product by showing how each possible price (on the vertical axis) is associated with a specific quantity supplied (on the horizontal axis).

Demand Curve

The demand curve is a graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.

Economic Rent

Extra earnings above the minimum amount necessary for a resource to remain in its current use, often arising from scarcity or market control.