Business, 22.02.2021 19:10 cheermom2000

Jane is 20 years old and is a sophomore at Lake University. She is a full-time student and does not have any gross income. Jane spends the holidays and summers at home with her parents. Her total support for the current tax year is $30,000, including a scholarship for $5,000 to cover her tuition. Jane used $12,000 of her savings, and her grandparents provided $13,000. Which of the following statements regarding the dependency rules for Jane is true? a. If Janeâ€™s parents (rather than her grandparents) provided the $13,000, then they would not be able to claim Jane as a dependent because Jane provided more than half of her own support.
b. Janeâ€™s grandparents can claim her as a dependent because Jane did not provide more than half of her own support.
c. Janeâ€™s grandparents cannot claim her as a dependent because Jane provided more than half of her own support.
d. Jane is no oneâ€™s dependent because she provided more than half of her own support.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 01:20

All of the industries and businesses in the country of marksenia are privately owned and sell products at different prices that are not controlled by the government or any other organizational body. consumers in marksenia are free to buy as much of the products as they like from the businesses they want. the country of marksenia has a

Answers: 1

Answer

Business, 22.06.2019 11:30

11. before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d incorrect which answer is right?

Answers: 2

Answer

Business, 22.06.2019 12:00

Describe the three different ways the argument section of a cover letter can be formatted

Answers: 1

Answer

Business, 22.06.2019 12:40

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Answers: 3

Answer

You know the right answer?

Jane is 20 years old and is a sophomore at Lake University. She is a full-time student and does not...

Questions