A Child Who Has Unearned Income of $1,900 or Less

question 149

True/False

A child who has unearned income of $1,900 or less cannot be subject to the kiddie tax.

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Definitions:

Exit Strategy

An exit strategy is a planned approach to withdraw from a business, investment, or situation to secure profit or minimize loss.

University Endowment Funds

Pools of capital that are donated to universities, which are then invested to generate income for ongoing university expenses and projects.

Successful

The achievement of specified goals or objectives, often used to describe individuals or entities that have attained a high level of accomplishment or profitability.

Best Efforts

A commitment to perform to the best of one's capabilities but without guaranteeing a specific outcome.