To Be a Qualifying Relative,the Taxpayer Must Meet Three General

question 18

Multiple Choice

To be a qualifying relative,the taxpayer must meet three general tests and four specific tests.Which one is not part of the four specific tests?

• A)Relationship test or member of household test.
• B)Age test.
• C)Support test.
• D)Gross income test.

---

Definitions:

Exchange Rates

The speed at which one currency can be swapped for another, affecting global trade and investments.

U.S. Balance Sheet

A financial statement that shows the assets, liabilities, and shareholders' equity of a company as per U.S. accounting standards at a particular point in time.

Consolidated Balance Sheet

A financial statement showing the combined assets, liabilities, and shareholders' equity of a parent company and its subsidiaries.

Currency Exchange Rates

The value of one currency expressed in terms of another currency, which determines how much of one currency can be exchanged for another.