Which of the Following Statements Regarding the Difference Between the Requirements

question 108

Multiple Choice

Which of the following statements regarding the difference between the requirements for a qualifying child and the requirements for a qualifying relative is false?

• A)The relationship requirement is more broadly defined (more inclusive) for qualifying relatives than for qualifying children.
• B)Qualifying children are subject to age restrictions while qualifying relatives are not.
• C)The support test for qualifying relatives focuses on the support the potential dependent self provides while the support test for qualifying children focuses on the support the taxpayer provides.
• D)Qualifying relatives are subject to a gross income restriction while qualifying children are not.The support test for a qualifying child considers the amount of support the child provided for herself.The support test for a qualifying relative considers the amount of support the taxpayer provided for the prospective dependent.

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Definitions:

Japanese Yen

The official currency of Japan, used as a medium of exchange and a standard of value within the country.

Upsloping

Describes a curve or line on a graph that shows an increase in value or quantity as it moves from left to right.

Flexible Exchange Market

Refers to a foreign exchange market where exchange rates are allowed to move due to market forces without intervention by country governments.

Equilibrium Quantity

The amount of goods supplied that is equal to the amount of goods demanded in a market, reached at the intersection of the supply and demand curves.