A Dependent Cannot Claim a Personal Exemption on His or Her

question 55

True/False

A dependent cannot claim a personal exemption on his or her own return.

---

Definitions:

Multiplier

In economics, it refers to the factor by which a change in investment, spending, or income will ultimately affect the total economic output.

Federal Budget Deficits

The shortfall where the government's expenditures exceed its revenue within a fiscal year.

Expenditures

The act of spending funds or resources, typically referring to the outflow of money by a government, organization, or individual for various purposes.

Tax Cuts

Reductions in the amount of taxes imposed by a government on individuals or entities.