A Taxpayer Can Qualify for Head of Household Even Though

question 26

True/False

A taxpayer can qualify for head of household even though his or her parents are living in a separate household from that of the taxpayer (assume all other requirements are met).

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Definitions:

Dollars

The official currency of the United States, also used as a standard monetary unit in many other countries and economic contexts.

Break-Even

The point at which total costs equal total revenue, indicating that a business is neither making a profit nor a loss.

Monthly

Monthly pertains to something occurring or being done every month or once a month.

Dollar Sales

The total revenue generated from the sale of goods or services, calculated in dollar terms.