Final answer:
On the FAFSA, you are required to report income and tax information. This is true as the FAFSA uses this information to determine a student's eligibility for financial aid.
Step-by-step explanation:
On the Free Application for Federal Student Aid (FAFSA), you are required to report income and tax information. This statement is true.
The FAFSA is a form provided by the United States Department of Education. It is used to determine a student's eligibility for financial aid, including grants, work-study programs, and loans. To accurately assess a student's financial need, the FAFSA requires the reporting of income and tax information.
By providing this information, the government can evaluate the student's eligibility for various forms of financial assistance. It ensures that financial aid is allocated to those who truly need it to pursue their education.