Question: True and False questions Please answer all questions 21. 22. 23. For purposes of qualifying as head of household, the costs of maintaining a household

True and False questions

Please answer all questions

True and False questions Please answer all questions 21. 22. 23. For

21. 22. 23. For purposes of qualifying as head of household, the costs of maintaining a household include the cost of medical care for the applicable dependent. For federal income tax purposes, income will be taxed to the individual who earned it, unless the individual assigns the income to another party. A small cash stipend, $25 for example, given by an employer to an employee at Christmas need not be reported as gross income by the recipient employee. Interest paid on a bank account is picked up as gross income by the account owner in the tax year within which the bank credits the interest amount to the bank account. To be classified as a "qualifying child" an individual must have the same place of abode as the taxpayer (parent) for the full tax year in question. 24. 25

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