The Kiddie Tax Does Not Apply to Children Over 24

question 2

True/False

The kiddie tax does not apply to children over 24 years old at the end of the tax year.

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Definitions:

Lose Direct Authority

The process or instance of a leader or manager having reduced or removed control and direct command over personnel or decisions.

Line Managers

Supervisors or managers who have a direct responsibility for employees and their work, often involved in the day-to-day operations.

Increased Bonuses

An uplift in bonus payments, reflecting improved individual or company performance, or as part of a revised compensation strategy.

Company Cars

Vehicles provided by an employer for the use of its employees for work-related activities.