An Individual May Never Be Considered as Both a Qualifying

question 127

True/False

An individual may never be considered as both a qualifying relative and a qualifying child of the same taxpayer.

---

Definitions:

Private Branding

The strategy of a retailer selling products under its own trademark or brand name rather than the brand of the manufacturer, to increase profitability and customer loyalty.

Manufacturer Branding

The process by which a manufacturer markets and sells a product under its own brand name, rather than under a retailer or other company's brand.

Generic Branding

Marketing strategy in which products are not branded and are sold without a brand name, often at lower prices.

Mixed Branding

A marketing approach in which a company advertises products under both its brand and a reseller's brand, targeting a market segment different from its original audience.