How many personal and dependency exemption may carters claim

Assignment Help Financial Accounting

Reference no: EM13142607

Evan and Eileen Carter are husband and wife and file a joint return for 2011. both are under 65 years of age. they provide more than half of the support of their daughter, Pamela (age 25), who is a full time medical student. Pamela recieves a $5,000 scholarship covering her tuition at college. they furnish all of the support of Belinda (Evan's grandmother), who is age 80 and lives in a nursing home. They also supoort Peggy (age 66), who is a friend of the family and lives with them. how many personal and dependency exemptions may the Carters claim?

Reference no: EM13142607

Questions Cloud

Operating business during the tax-filing season : Susan generated $55,000 of net earnings from the conduct of a tax preparation business that she operated during the tax-filing season. She also received wages of $60,000 from her full-time job. Compute the self-employment taxes due for 2010.

What would be net savings for the company : If the company borrows money at 12% to pay for the purchase on the last day of the discount period and pays the loan off on the last day of the credit period, what would be the net savings for the company?

What is splicing : What is splicing? How is this a potential solution for the Genome Paradox?

Define introduction to management science : Introduction to management science, The Dynaco Manufacturing Company produces a particular product in an assembly line operation. One of the machines on the line is a drill press that has a single assembly line feeding into it.

How many personal and dependency exemption may carters claim : They also supoort Peggy (age 66), who is a friend of the family and lives with them. how many personal and dependency exemptions may the Carters claim?

Explain how waterborne diseases can best be eliminated : Explain how waterborne diseases can best be eliminated by Filtration of drinking water, Chlorination of drinking water or Carriers discovered?

Maximum amount of distribution which is treated as dividend : Swan a calendar year corporation has a deficit in current E & P of 200,000 and a %580,000 positive balance in accumulated E&P. If Swan determines that a $1 million distribution to its shareholders is appropriate at some point during the year, what..

How many exam scores would expect to fall between range : Assuming that the sample was not skewed (i.e. it was normally distributed), about how many exam scores would you expect to fall between the range of 75 to 85?

What imvic results indicate the presence of fecal coliforms : If coliforms are found in a water sample, the IMViC test will help determine whether the coliforms are of fecal origin and not from plants or soil. What IMViC results would indicate the presence of fecal coliforms?

User Account

All Pages