Parents Must Provide More Than Half the Support of Their

question 14

True/False

Parents must provide more than half the support of their child under the age of 19 in order for the child to be considered as a dependent qualifying child.

---

Definitions:

Custody

The protective care or guardianship of someone or something, often used in legal contexts to refer to the care of children or assets.

Accounting Records

Documentation and books that comprise a record of all financial transactions of a business, used for tracking its income, expenses, assets, and liabilities.

Cash Disbursements

Outflows of cash for expenses, payments to creditors, or investments, usually tracked in a cash disbursements journal in accounting.

Payments

Payments refer to the transfer of money from one party to another, often as compensation for goods or services.