A Qualifying Child Does Not Have to Meet the Support

question 89

True/False

A qualifying child does not have to meet the support test in order to be claimed as a dependent.

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Definitions:

Market Value

The ongoing price for buying or selling an asset or service in the market.

Dilution

The reduction in existing shareholders' ownership percentage of a company as a result of the company issuing new shares.

Shareholder Value

The value delivered to shareholders due to management's ability to grow earnings, dividends, and share price.

Market Value

The existing exchange rate for assets or services in the marketplace.