A qualifying child of the taxpayer must meet the gross income test. O True O False 3 of 50 (1 complete) Interest on the obligations of the US government, states, territories, and U.S. possessions and their political subdivisions are tax-exempt. O O True False This Question: 3 pts m emaining: 02:44:47 Suter 4 of 50 (1 complete This Test: 150 ptsp One r rement for com a dependenta a qu e sta etapayer provides more than 50 percent of the dependents sportsumingitis notame True False support agreement on 7 of 50 (3 complet Under the tax concept of income, all realized income is recognized and subject to tax. O O True False 11 of 50 (5 complete) The marginal tax rate is useful in tax planning because it measures the tax effect of a proposed transaction O O True False 1. PIS 13 of 50 (5 complete) The largest source of revenues for the federal government comes from O A. corporate income taxes OB. individual income taxes. LOC. estate and gift taxes. OD. Social Security and Medicare taxes (FICA)