For Purposes of the Dependency Exemption,a Qualifying Child May Not

question 148

True/False

For purposes of the dependency exemption,a qualifying child may not provide more than one-half of his or her own support during the year.

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Definitions:

Marginal Product

The supplementary production derived by adding one more unit of a particular input, with all else remaining constant.

Labor Hours

The amount of time workers spend on the job, often measured in hours per day, week, or year.

Returns to Scale

The speed at which production levels rise due to a corresponding rise in all contributing factors.

Labor Hours

The total hours of work put in by workers or employees during a specified period.