Matching Regarding Classification as a Dependent, Classify Each Statement in One

question 64

Multiple Choice

Matching
Regarding classification as a dependent, classify each statement in one of the four categories:
-A half-brother who lives with taxpayer.

• A)Could be a qualifying child.
• B)Could be a qualifying relative.
• C)Could be either a qualifying child or a qualifying relative.
• D)Could be neither a qualifying child nor a qualifying relative.

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Definitions:

Front-end Load

A fee charged to an investor at the time of their initial investment into a mutual fund, typically used for the fund's sales commission.

Expense Ratio

The measure of what it costs an investment company to operate a mutual fund, expressed as a percentage of the fund's assets.

Mutual Fund

An investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.

Net Asset Values

The value of an entity's assets minus the value of its liabilities, often used in relation to investment funds.