Business and Personal Finance Dictionary

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• GROSS INCOME TEST
  
  One of five tests a person must meet for you to claim him or her as a dependent so that you can take an exemption. To meet this test, the person must have less than $2,700 in total income during the tax year. If this person is your child under 19 years old, or a full-time student under 24 years old, he or she does not need to meet this test.
  
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