Match Each Statement with the Correct Term Below

question 101

Multiple Choice

Match each statement with the correct term below.
-Kiddie tax

• A)Prepaid interest.
• B)Either a qualifying child or a qualifying relative
• C)One test for a qualifying relative.
• D)The minimum amount a taxpayer can deduct for personal expenditures.
• E)A deduction in this category is always allowed. That is, there is no minimum allowable amount and generally no income limitation placed on these deductions.
• F)Generally, these deductions are for specifically allowed personal expenditures.
• G)An exception to this test is a custodial parent.
• H)Interest paid on debt used to buy securities.
• I)Interest paid on credit cards, personal loans, car loans, etc.
• J)Interest paid on a mortgage secured by the taxpayer's residence. The proceeds of the loan are used to pay off a credit card, the interest is not deductible.
• K)A tax designed to prevent the shifting of unearned income to children of the taxpayer.

---

Definitions:

Résumés

Written compilations of a person's education, work experience, credentials, and accomplishments, often used for job applications.

Facebook

A global social media platform that allows users to connect, share content, and engage in various forms of digital communication.

Résumé Fraud

The act of providing false, misleading, or greatly exaggerated information on a résumé to make a job applicant appear more suitable or qualified than they actually are.

Screening Techniques

Methods used to evaluate, filter, or select individuals or information based on specific criteria.