If an Unmarried Taxpayer Is Eligible to Claim Another as a Dependent

question 56

True/False

If an unmarried taxpayer is eligible to claim another as a dependent, the taxpayer is automatically eligible for the head of household filing status.

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Definitions:

Resources

Inputs used in the production of goods and services, including labor, capital, land, and technology.

New Capital

Funds or equity obtained by a company for the purpose of furthering its business objectives, or the addition of assets.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Economic Growth

Refers to an increase in a country's output of goods and services over time, typically measured by GDP.