Question 13

Josh's friend Tony lives with him, and Josh wants to claim Tony as a dependent on his tax return.

What condition must Tony fulfill to be Josh's dependent?

Tony must be unemployed.

Tony must have lived with Josh for the entire year.

Tony must be younger than Josh.

Tony must be listed as a dependent on someone else's tax return.

Question 14

Sarah pays her personal trainer, Lily, by check. Lily uses the check to pay her grocery bills in a supermarket.

How is Lily able to use the check to make her grocery payments?

Sarah made the check payable to "Cash."

Sarah made the check payable to "Lily."

Sarah made the check payable to her "credit union account."

Sarah made the check for "deposit in bank only."

15. Who among the following is most likely to have a large amount of credit card debt?

SAVE & CONTINUE

Brik, who uses his credit card only during emergencies and has a debt of $150

Joshua, who has an outstanding debt of $560 and pays the minimum payment every month

Drew, who uses a reward credit card and pays off the balance every month

Rita, who pays all her monthly expenses using her credit card and pays the loan amount in full at the end of each month