When Determining Whether a Child Meets the Qualifying Child Support

question 14

True/False

When determining whether a child meets the qualifying child support test for the child's grandparents,scholarships earned by the child do not count as support provided by the child.

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Definitions:

Subscription

A payment for a service or product that is provided over a period of time, typically regularly (such as monthly or annually).

Watered Stocks

Shares of a company that have been issued at a price far greater than the asset value of the company, leading to an inflation of the company's market value without an increase in actual capital.

Fair Market Value

The price a willing, informed, and not under pressure buyer would pay to a willing, informed, and not under pressure seller in the market.

No-Par

No-par refers to shares of stock issued without a par value, which means the stock's face value is not set and is determined by the market.