Qualifying child or the qualifying relative category

Assignment Help Accounting Basics
Reference no: EM13987665

Determine how many personal and dependency exemptions are available in each of the following independent situations. Specify whether any such exemptions would come under the qualifying child or the qualifying relative category.

a. Andy maintains a household that includes a cousin (age 12), a niece (age 18), and a son (age 26). All are full-time students. Andy furnishes all of their support.

b. Jackie provides all of the support of a family friend's son (age 20) who lives with her. She also furnishes most of the support of her stepmother, who does not live with her.

c. Raul, a U.S. citizen, lives in Costa Rica. Raul's household includes his friend Helena, who is age 19 and a citizen of Costa Rica. Raul provides all of Helena's support.

d. Karen maintains a household that includes her ex-husband, her mother-in- law, and her brother-in-law (age 23 and not a full-time student). Karen pro- vides more than half of all of their support. Karen is single and was divorced last year.

Reference no: EM13987665

Questions Cloud

The health and environmental effects of used oil : Your report must be a minimum of three pages in length and use at least two outside resources. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations, and cited per APA guidel..
Deduction for personal and dependency exemptions : Sam and Elizabeth Jefferson file a joint return. They have three children, all of whom qualify as dependents. If the Jeffersons report 2015 AGI of $332,000, what is their allowable deduction for personal and dependency e..
Find the tangential velocity and tangential acceleration : A ball attached to a string is spinning on a table (ignore any kind of friction), and its angular acceleration is α = 2rad/s. The radius of the trajectory R = 0.4m. Assume that the ball starts from rest, so that ω= 0rad/s at the point θo = 0rad. Find..
Federal income tax return : Who is eligible to claim Jenny as a dependent on a Federal income tax return? Which of Jenny's relatives takes precedence in claiming the exemption? Explain.
Qualifying child or the qualifying relative category : Determine how many personal and dependency exemptions are available in each of the following independent situations. Specify whether any such exemptions would come under the qualifying child or the qualifying relative category.
Number of personal and dependency exemptions : Determine the number of personal and dependency exemptions in each of the following independent situations. a. Reginald, a U.S. citizen and resident, contributes 100% of the support of his parents, who are citizens of Canada and live there.
What force keeps ball from not falling in the vertical axis : How does a ball attached to a string stay upright when it's rotating? When you hold the other end of the string and swing it around in the horizontal axis, what force keeps the ball from not falling in the vertical axis due to gravity?
Number of personal and dependency exemptions : Determine the number of personal and dependency exemptions in each of the following independent situations.
Compute the angular velocity of the ball : Suppose now that the ball with angular acceleration α= -1.04 rad/s2. How much space will it travel along the circle after it stops? In how much time will it stop? How many complete revolutions will the ball make before coming to a stop?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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