The question is, what doesn't your daughter like about school? Could be she's bored (do NOT use that word with the school) and this is the way to get undivided parental attention at home. Could be that she's falling behind in school, and prefers to be out. Could be that she's not getting along with the kids, and prefers to be away from them. Though that she's quickly figured out how the system works, and how to manipulate it, leads me to beleive the "bright and bored" is the most likely possibility.
Sounds like you're in PA. Here, once you ask in writing for a gifted assessment, the school has 60 school days (more than a whole marking period) to do the assessment, which usually includes an individual IQ test and achievement tests (either individual or curriculum-based assessments). If the tests turn up giftedness, then the schools are responsible for creating an appropriate academic program for her, so that she's no longer "academically misplaced" (a.k.a. bored) in school.
Get your hands on chapter 16 gifted education mandate - the link is on www.hoagiesgifted.org/mandates.htm - look under PA. They'll send you a printed copy if you call Harrisburg and ask. Get a copy of the Gifted Guidelines, too - they're not "law" but much of them is included by reference in Chapter 16.
And ask your district in writing for gifted assessment; don't let them talk you out of it. By law, they must start identification as soon as the parents ask, and must identify beginning in Kindergarten. And join a gifted support mailing list, if it feels right to you (no testing required). TAGFAM or GT-Families are a great first list. Subscription instructions are on www.hoagiesgifted.org/on-line_support.htm
Hope this helps.
Hoagies' Gifted Education Page
www.hoagiesgifted.org