Harold and Shantelle are married and under 65 years of age During 2012, they furnish more than half of the support of their 20 year old daughter, Ashley, who is a fulltime college student Ashley earns $8,500 from her job, most of which she uses to pay for college Harold and Shantelle also provide more than half of the support of Harold's cousin who lives with them for the entire year Shantelle's father, who died on June 10, 2012, at age 70, has for many years qualified as their dependent. How many personal and dependency exemptions should Troy and Edie claim?

Answer rating: 100% (QA)

The correct answer is c Four Assuming that Troy and Edie j... View the full answer