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In Order to Claim Someone Other Than a Qualifying Child

question 158

Essay

In order to claim someone other than a qualifying child as a dependent, a taxpayer must meet the support test.
Generally, this is done by furnishing more than 50% of a dependent's support. What exceptions exist, if any, where the support furnished need not be more than 50%?


Definitions:

Profit-Sharing Plans

A type of incentive program where employees receive a share of the company’s profits based on its performance, to motivate and reward them.

Strategic Objectives

High-level goals aligned with an organization's mission and vision, guiding its strategic direction.

Motivational Impact

The effect or influence of certain factors or actions on an individual's level of motivation.

Commission Pay Program

A compensation strategy where employees are paid based on the sales or deals they secure, encouraging higher performance.

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