A Person Who Is Claimed as a Dependent on Someone

question 170

Multiple Choice

A person who is claimed as a dependent on someone else's tax return can claim ____ exemption(s) and at least a ____ standard deduction on his or her own tax return.

• A)1; $6,200
• B)0; $6,200
• C)0; $0
• D)1; $0

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Definitions:

Bearer Paper

Bearer paper refers to negotiable instruments, such as checks or bonds, that entitle payment to whoever holds the document.

Order Paper

A document listing the items to be discussed or brought forward in a parliamentary or formal meeting.

Endorser

A person who signs the back of a negotiable instrument, such as a check, thereby transferring ownership or guaranteeing its terms to another party.

Creates

To bring something into existence or to cause something to happen or be made, often resulting in new or unique outcomes.