Black Panther and Storm have been married for 25 years. They have filed a joint return...

 

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Black Panther and Storm have been married for 25 years. They have filed a joint return every year of their marriage. They have two children, Loki and Wasp. Loki is 20 years old, and Wasp is 16 years old. Loki lived in his parents' home from January through August, and he lived in his own apartment from August through December while attending college. Loki started college in August but dropped out December 12. Loki's living expenses totaled $22,000 for the year. Of that, Loki paid $9,000 from income he received while working a part- time job. Black Panther and Storm provided the remaining $13,000 of Loki's support. Wasp lived at home the entire year and earned $20,000 as a model. Wasp placed all of the $20,000 in the bank to save for her college education. Who are Black Panther and Storm allowed to claim as dependents? Thor, Loki, Ant Man, and Wolverine provide support for their father, Odin who is 75 years old. Odin lives by himself in an apartment in Los Angeles. Odin's gross income for the year is $3,900. Odin provides 12 percent of his own support, Thor provides 30 percent of Odin's support, Loki provides 8 percent of Odin's support, Ant Man provides 15 percent of Odin's support, and Wolverine provides the remaining 35 percent of Odin's support. Under a multiple support agreement, who is eligible to claim Odin as a dependent.? Star-Lord and his wife, Gamora, have been married for five years. Rogue, who is 18 years old and unrelated to Star-Lord and Gamora, has been living with Star-Lord and Gamora for the last two years. In May of 2020, Star-Lord and Gamora divorced. Star-Lord and Rogue stayed in the home and Gamora moved out. During 2022, Star-Lord provided all of Rogue's support, and Rogue lived in the home for all of 2022. Rogue did not earn any income during 2020. What is Star-Lord's most favorable filing status for Year 2? Black Panther and Storm have been married for 25 years. They have filed a joint return every year of their marriage. They have two children, Loki and Wasp. Loki is 20 years old, and Wasp is 16 years old. Loki lived in his parents' home from January through August, and he lived in his own apartment from August through December while attending college. Loki started college in August but dropped out December 12. Loki's living expenses totaled $22,000 for the year. Of that, Loki paid $9,000 from income he received while working a part- time job. Black Panther and Storm provided the remaining $13,000 of Loki's support. Wasp lived at home the entire year and earned $20,000 as a model. Wasp placed all of the $20,000 in the bank to save for her college education. Who are Black Panther and Storm allowed to claim as dependents? Thor, Loki, Ant Man, and Wolverine provide support for their father, Odin who is 75 years old. Odin lives by himself in an apartment in Los Angeles. Odin's gross income for the year is $3,900. Odin provides 12 percent of his own support, Thor provides 30 percent of Odin's support, Loki provides 8 percent of Odin's support, Ant Man provides 15 percent of Odin's support, and Wolverine provides the remaining 35 percent of Odin's support. Under a multiple support agreement, who is eligible to claim Odin as a dependent.? Star-Lord and his wife, Gamora, have been married for five years. Rogue, who is 18 years old and unrelated to Star-Lord and Gamora, has been living with Star-Lord and Gamora for the last two years. In May of 2020, Star-Lord and Gamora divorced. Star-Lord and Rogue stayed in the home and Gamora moved out. During 2022, Star-Lord provided all of Rogue's support, and Rogue lived in the home for all of 2022. Rogue did not earn any income during 2020. What is Star-Lord's most favorable filing status for Year 2?

Answer rating: 100% (QA)

SOLUTION In order for Black Panther and Storm to claim Loki or Wasp as a dependent each dependent must meet certain criteria including the relationship test the residency test the support test and the ... View the full answer