Match the Statements That Relate to Each Other

question 97

Multiple Choice

Match the statements that relate to each other.Note: Some choices may be used more than once.
-Multiple support agreement

• A)Not available to 65-year old taxpayer who itemizes.
• B)Exception for U.S.citizenship or residency test (for dependency exemption purposes).
• C)Largest basic standard deduction available to a dependent who has no earned income in 2019.
• D)Considered for dependency purposes.
• E)Qualifies for head of household filing status.
• F)A child (age 15) who is a dependent and has only earned income.
• G)Considered in applying gross income test (for dependency exemption purposes).
• H)Not considered in applying the gross income test (for dependency exemption purposes).
• I)Unmarried taxpayer who can use the same tax rates as married persons filing jointly.
• J)Exception to the support test (for dependency exemption purposes).
• K)A child (age 16) who is a dependent and has only unearned income of $4,500.
• L)No correct match provided.

---

Definitions:

Financial Statement Column(s)

Sections or divisions in a financial statement that categorize financial data into distinct groups, such as assets, liabilities, revenue, and expenses for clear understanding and analysis.

Net Income

The amount of money a company earns after subtracting all its expenses from its total revenue.

Adjusted Trial Balance

A trial balance that is prepared after adjusting entries are made, ensuring that the total debits equal total credits before generating financial statements.

Financial Statement Column(s)

Sections in financial statements displaying specific types of financial data, such as assets, liabilities, revenues, and expenses.