Michael, age 42 and single, has a 13-year-old son, Tony. Tony resides with his mother, Jennifer, in
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Michael, age 42 and single, has a 13-year-old son, Tony. Tony resides with his mother, Jennifer, in her home. Pursuant to the terms of their divorce, Michael properly claims Tony as a dependent on his income tax return. Michael pays child support payments to his ex-wife for the support of his child. Jennifer does not claim Tony as her dependent but she does bear the economic burden of supporting the household in which they reside. What is the maximum amount of the 2021 standard deduction that Michael qualifies for?
$12,200
$18,350
$20,000
$24,400
Related Book For
The Legal Environment of Business A Critical Thinking Approach
ISBN: 978-0132664844
6th Edition
Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne
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