Problem regarding the sources of income

Assignment Help Project Management
Reference no: EM13991846

Determine whether each of the following individuals can be claimed as a dependent in the current year. Assume that any tests not mentioned have been satisfied.

a. Nico is 20 and a full-time college student who receives a scholarship for $11,000. (Tuition, books, and fees total $15,000.) His father gives him an additional $6,000 to pay for room and board and other living expenses.

b. Lawrence pays $7,800 of his mother's living expenses. His mother receives $3,500 in Social Security benefits and $4,100 from a qualified employer retire- ment program, all of which is spent on her support.

c. Megan's father has no sources of income. During the year, Megan pays all of her father's support. He is a citizen and resident of Australia.

d. Tawana and Ralph are married and full-time college students. They are both 22 years old. Tawana works as a model and earns $4,300 and Ralph earns $2,100 during the year. Tawana and Ralph are not required to file a joint return and do so only to receive a refund of the taxes withheld on their respective incomes. Tawana's parents give them an additional $8,000 to help them through college.

Reference no: EM13991846

Questions Cloud

Legal age and none lives in the household : Sam's wife died in February of last year. Their children are all of legal age and none lives in the household. Sam has not remarried. Would your answer to part e change if Sam has a dependent child who still lives in the home?
Determining the other household costs : Victor gives his mother, Maria, $10,000 a year to help pay for her food, rent, and other household costs. Her only income is $8,000 in Social Security benefits.
Source document that impacts the job cost sheet : What activities and responsibilities are not associated with management's functions?
What average force do you exert on the piston : A hand-driven tire pump has a 2.50 cm diameter piston and a maximum stroke of 32.0 cm. How much work do you do in one stroke if the average gauge pressure is 2.40 x 105 N/m2 (about 35 psi)? (You may consider this an isothermal process.)
Problem regarding the sources of income : Megan's father has no sources of income. During the year, Megan pays all of her father's support. He is a citizen and resident of Australia.
Problem regarding the preparation of anthony : What are Brigid's responsibilities (refer to the Statements on Standards for Tax Services), if any, concerning Anthony's 2009 tax return? What effect does the issue have on Brigid's preparation of Anthony's 2010 return?
How far from the center should : You are hanging weights from a ruler suspended in the center. If you hang a 100g weight 10cm from the center of a ruler, how far from the center should a 50 gram weight be hung to keep the ruler balanced?
Calculate the current ratio and the profit margin for ford : Calculate the current ratio and the profit margin for Ford and what are the major 3 components associated with Ford's profitability for cars and trucks?
Income tax consequences for nan : Discuss the income tax consequences for Nan if she structures her business as an S corporation versus a corporation.

Reviews

Write a Review

Project Management Questions & Answers

  Choose one of the topic out of those 11 topics the topic

choose one of the topic out of those 11 topics. the topic and reserach should be perfect on all areas.write a report of

  Yorkshire house foods ltd. project orion

A project plan, created using Microsoft Project software, showing a network of tasks, the critical path, human resources required and expected completion times. Use a start date of November 3rd 2014. You must also provide, in text, your appraisa..

  Explain about pmo model

The PMO Model - Suppose a medium size company that has decided to begin using project management in a wide variety of its operations

  Objective of project meet constraints of quality and cost

The objective is that the project may meet the constraints of quality, cost and schedule in time.

  You will be allocated to a group you are part of a global

you will be allocated to a group. you are part of a global electronics company that has offices in germany india paris

  Develop a budget template for the project

Develop a budget template for the project in your scenario According to the already presented WBS and develop a BSC which includes your suggested KPIs in the four BSC categories for the project in your scenario.

  Project management as a careeri need an essay on project

project management as a careeri need an essay on project management. the only requirements for the essay aremiddotan

  How does the business system work

Your first team task this week is to describe the business and the business problem. How does the business system work? Who is involved, and what do they do? Using our massage example, we might find we have massage therapists, schedulers who answe..

  Advantages of using a high-moderate-low risk

What are the advantages of using a high-moderate-low (or red-yellow-green) risk designation as opposed to assigning quantitative numbers to each cell and risk level ?

  Preparing a project risk document

Prepare a project risk document for an employee training program that I am developing.

  Deduct the advertising fee paid to grandson

Big Star wants to deduct the full $25,000 as a business expense. The grandson will report the $25,000 as income. Write a letter to Carla explaining whether Big Star can deduct the advertising fee paid to her grandson.

  Explain how does organizational culture influence selection

Project Management - Explain how does organizational culture influence the selection, sponsorship, and prioritization and ultimate success of projects?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd