The Test for a Qualifying Child Includes a Gross Income

question 88

True/False

The test for a qualifying child includes a gross income restriction while the test for qualifying relative does not.

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Definitions:

Collective Decision Making

The process by which a group of individuals reach a decision collectively, often through discussion and consensus.

Economic Questions

Fundamental queries about how societies allocate scarce resources among competing uses, typically including what to produce, how to produce, and for whom to produce.

Market Forces

The natural factors in a free market that determine prices, distribution, and the availability of goods and services through the principles of supply and demand.