For 2014,unearned Income in Excess of $2,000 of a Child

question 2

True/False

For 2014,unearned income in excess of $2,000 of a child under age 18 is generally taxed at the parents' rate.

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Definitions:

Swap Contract

A financial agreement where two parties exchange liabilities or cash flows from two different financial instruments for a set period.

Forward Contracts

Customized contracts between two parties to buy or sell an asset at a specified price on a future date.

Stock Brokers

Professionals or firms that execute buy and sell orders for stocks and other securities on behalf of their clients, in exchange for a fee or commission.

Swap Transactions

Financial agreements between two parties to exchange cash flows or other financial instruments over a specified period.