Control Over a Subsidiary May Be Lost Without a Change

question 24

True/False

Control over a subsidiary may be lost without a change in absolute or relative ownership levels.An example of this is loss of control to a court administrator as a result of bankruptcy.

---

Definitions:

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

Biweekly Deductions

Regular expenses or amounts taken from a paycheck or budget every two weeks.

Head of Household

A tax filing status for an unmarried individual who pays more than half the cost of maintaining a home for themselves and a qualifying person.

Married Taxpayers

Individuals who are legally married and may choose to file income tax returns jointly or separately.