In Which, If Any, of the Following Situations Will the Kiddie

question 169

Multiple Choice

In which, if any, of the following situations will the kiddie tax not apply?

• A) The child is married but does not file a joint return.
• B) The child has unearned income of $2,100 or less.
• C) The child has unearned income that exceeds more than half of his (or her) support.
• D) The child is under age 24 and a full-time student.
• E) None of these.

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Definitions:

Sold

The past tense of sell, indicating that an item or service has been exchanged for money or its equivalent.

Price Fixing

An unlawful agreement between competitors to establish, raise, or maintain prices at a certain level, often aimed at maximizing profits by eliminating competition.

Distributor

An intermediary entity that buys products from manufacturers and sells them to retailers or directly to consumers.

Horizontal Price Fixing

An illegal agreement between competitors to fix, control, or maintain prices at a certain level, often leading to reduced competition.