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an itemized deduction
an exclusion
an exemption
Question 9. 9. (TCO 2) In order for a dependent to qualify as an
exemption, he or she must
be married.
receive more than one half of his or her support from the
taxpayer.
be under age 16.
be registered in school.
be a relative.
Question 10. 10. (TCO 2) Generally, the way most people pay federal
income tax is by
paying the total amount owed by April 15.
filing quarterly tax payments.
having amounts withheld from income.
earning tax credits for various deductions.
Question 11. 11. (TCO 2) A(n) _____ is an all-purpose account that
provides several services.
NOW account
asset management account
EFT account

mutual fund