For 2013, the Amount of Exemption That a Child Can

question 13

Multiple Choice

For 2013, the amount of exemption that a child can enjoy on any interest, dividends or capital gains income is limited to:

• A) $1,000.
• B) $1,900.
• C) $10,000.
• D) There is no exemption for this type of income.

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Definitions:

Duopoly Market

A market structure where two companies own all or nearly all of the market for a given product or service.

Quantity Rise

An increase in the amount of goods or services produced or supplied.

Price Rise

An increase in the cost of goods or services, commonly referred to as inflation in economic contexts.

Dominant Strategy

A tactic in game theory that remains optimal for an individual, irrespective of the choices made by their counterparts.