ifornia law federal la en it comes to allowing parent -t reporting child's interest ar

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1.

 

California law
federal law
when it comes to allowing parents to
elect reporting a child's interest and
dividend income from children under
age 19 or a student under age 24 on
their own tax return.
Select one:
a.
Does not conform to
b.
Conforms to
C.
Will never conform to
d.
May conform to
Transcribed Image Text:California law federal law when it comes to allowing parents to elect reporting a child's interest and dividend income from children under age 19 or a student under age 24 on their own tax return. Select one: a. Does not conform to b. Conforms to C. Will never conform to d. May conform to
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