In Order to Be Claimed as a Dependent,an Individual Must

question 102

True/False

In order to be claimed as a dependent,an individual must be either a qualifying child or a qualifying relative.

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Definitions:

Interest-Bearing

Referring to debt securities or loans that accrue interest over time, payable to the holder or lender.

Note Payable

A written promise to pay a specified amount of money, usually with interest, at a designated future date.

Withheld

Refers to a portion of an employee's wages not paid out directly to them but instead held back for purposes such as tax payments.

Social Security

A government program that provides financial assistance to people with insufficient or no income, especially the elderly, disabled, and unemployed.