Charles, Who Is Single, Pays All of the Costs of Maintaining

question 26

True/False

Charles, who is single, pays all of the costs of maintaining a home for himself and Damarcus. Charles and Damarcus have no family relationship but Damarcus lives with Charles for the entire year. Damarcus qualifies as a qualifying relative of Charles. (Charles claims Damarcus as a dependent on his tax return.)Charles qualifies for head of household filing status.

---

Definitions:

Random Variation

The variability in data that arises due to chance and cannot be attributed to any specific cause or pattern.

Stock Market Prices

The current price at which shares of a company are bought and sold in the stock market.

Three-period Moving Averages

An averaging technique that uses the mean of three sequential data points to smooth out short-term fluctuations and highlight longer-term trends or cycles.

Time Series

Time Series refers to a sequence of data points collected or recorded at successive time intervals, often analyzed to predict future values or understand trends.