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.

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Definitions:

Technology Improvements

Enhancements and advancements in technology that increase productivity, efficiency, or utility in various sectors.

Curve Shifts

Movements or adjustments in the position of a graphed line, such as those in supply and demand curves in economics, indicating a change in underlying factors affecting these curves.

Surplus

A situation where the quantity of a good or service supplied exceeds the quantity demanded at a given price, often leading to price reductions.

Demand Schedules

Tabular representations showing the quantity of a good or service that consumers are willing and able to purchase at various prices within a specified period.