Margaret is attending school full-time for the year. Her parents paid $6,000 toward her support. She earned

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Margaret is attending school full-time for the year. Her parents paid $6,000 toward her support. She earned $5,000 from a part-time job which she used toward her support. In addition, Margaret withdrew $1,500 from her savings account to help in her support.

Have her parents provided over one-half of Margaret’s support?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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