Margaret, age 65, and John, age 62, are married with a 23-year-old daughter who lives in their

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Margaret, age 65, and John, age 62, are married with a 23-year-old daughter who lives in their home. They provide over half of their daughter’s support, and their daughter earned $4,100 this year from a part-time job. Their daughter is not a full-time student. How many exemptions should Margaret and John claim on a joint return for 2016?

a. 2
b. 3
c. 4
d. 5
e. 6

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Income Tax Fundamentals 2017

ISBN: 9781305872738

35th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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