For 2013,unearned Income in Excess of $2,000 of a Child

question 95

True/False

For 2013,unearned income in excess of $2,000 of a child under age 18 is generally taxed at the parents' rate.

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Definitions:

Equitable Remedies

Judicial awards made to fairly resolve a legal issue or dispute, including injunctions, specific performance, and rescission, based on principles of equity rather than fixed law.

Types

Varieties or categories of objects, individuals, or concepts that share common characteristics.

Distinguish

To distinguish means to recognize or treat (someone or something) as different from other people or things.

Injunction

A judicial order requiring a person or entity to do or cease doing a specific action.