A Qualifying Relative Must Be Related to the Taxpayer (As

question 37

True/False

A qualifying relative must be related to the taxpayer (as listed by the IRS),or be a member of the taxpayer's household for the entire year.

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Definitions:

Yearly Income

The total pre-tax earnings received by an individual or household over the course of one year from all sources combined.

SST

Total Sum of Squares, a measure used in statistics to quantify the variance in a dataset.

SSE

Sum of Squares due to Error, a measure of the discrepancy between the data and an estimation model, reflecting the unexplained variance within the model.

Expected Yearly Income

An estimation of the amount of money one is anticipated to earn over the course of a year.