For 2016, the Amount of Exemption That a Child Can

question 18

Multiple Choice

For 2016, the amount of exemption that a child can enjoy on any interest, dividends, or capital gains income is limited to:

• A)$1,050
• B)$1,900
• C)$10,000
• D)There is no exemption for this type of income.

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Definitions:

Units

Basic quantities used to specify measurements in various dimensions, such as length, mass, or time.

Standard Deviations

A metric that calculates the extent of spread or variability of data points from the average value.

Bell Shaped Distribution

A probability distribution that is symmetric and unimodal, with the shape of a bell, often associated with the normal distribution.

Coefficient of Variation

A measure of relative variability that describes the standard deviation as a percentage of the mean.