For Purposes of the Dependency Exemption,a Qualifying Child May Not

question 148

True/False

For purposes of the dependency exemption,a qualifying child may not provide more than one-half of his or her own support during the year.

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Definitions:

External Suppliers

Third-party entities that provide goods or services to a company, but are not part of the company itself.

Annual Capacity

The total output a company can produce in a year using its resources efficiently.

Opportunity Cost

Forgoing the potential gains from various choices by settling on one option.

Supplying Division

The unit or segment within a larger organization responsible for providing materials, products, or services to another division or department.