An individual with gross income of $5,000 could qualify as a qualifying child of another taxpayer but could not qualify as a qualifying relative of another taxpayer.The gross income test requires that a qualifying relative's gross income for the year be less than the personal exemption amount.

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This statement is true. To be a qualifying relative, their gross income must be less than the personal exemption amount, which means that an individual with a gross income of $5,000 would not qualify. However, to be a qualifying child, income is not a factor as long as the other criteria, such as age and relationship to the taxpayer, are met.

An Individual with Gross Income of $5,000 Could Qualify as a Qualifying