Kimberly is divorced and the custodial parent of a 3-year-old girl named Bailey. Kimberly and Bailey live

Question:

Kimberly is divorced and the custodial parent of a 3-year-old girl named Bailey. Kimberly and Bailey live with Kimberly's parents, who pay all the costs of maintaining the household (such as mortgage, property taxes, and food). Kimberly pays forBailey's clothing, entertainment, and health-insurance costs. These costs comprised only a small part of the total costs of maintaining the household. Kimberly does not qualify as her parent's dependent.
a. Determine the appropriate filing status for Kimberly.
b. If Kimberly lived in her own home and provided all the costs of maintaining the household, what would her filing status be?
c. Assume Kimberly qualifies as her parents' dependent. How many personal and dependency exemptions may she claim on Kimberly's tax return?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Question Posted: