1) Mr. and Mrs. D file a joint return for the current year. Mr. D is 67 years old, and Mrs. D is 52 years old. They provide 80% of the support for their son, Tom. Tom is 17 years old, is single, and had wages of $4,450 in the year. On their respective tax returns for the current year, Mr. and Mrs. D should claim which of the following number of dependency exemptions?

a) 2

b) 3

c) 1

d) 4

2) Which of the following taxpayers must file a return for 2021?

Group of answer choices

a) A single taxpayer, age 67, with interest and dividend income of $12,550.

b) A single taxpayer, claimed as a dependent by his parents, who earns $2,000 from a part-time job and has no unearned income.

c) A taxpayer who files as a head of household with two exemptions and who earns $19,550.

d) Married taxpayers filing jointly who have income of $22,700 for the year and one child who is a dependent.

Answer rating: 100% (QA)

1 Answer is b3 Note An exemption is allowed for a qualifying child who is under age ... View the full answer