A Child of Divorced Parents Is Considered a Dependent of the Parent

question 25

True/False

A child of divorced parents is considered a dependent of the parent with custody unless that parent agrees to allow the noncustodial parent to claim the dependency exemption.

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Definitions:

Postretirement Benefit Expense

The cost recognized by companies related to the various benefits provided to employees after retirement.

Funded Postretirement Benefit Plans

Retirement plans for which assets have been set aside in advance to pay future benefits owed to employees, securing the promised benefits.

Benefit Expense

The costs incurred by a company for the health benefits, retirement benefits, and other perks offered to employees.

Postretirement Benefit Plans

Plans offered by employers that provide benefits, such as health insurance and pensions, to employees after they retire.