During 2015, Jenny, age 14, lives in a household with her father, uncle, and grandmother. The household
Question:
During 2015, Jenny, age 14, lives in a household with her father, uncle, and grandmother. The household is maintained by the uncle. The parties, all of whom file separate returns, have AGI as follows: father ($30,000), uncle ($50,000), and grandmother ($40,000).
a. Who is eligible to claim Jenny as a dependent?
b. Who has preference as to the exemption?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
In the United States in order for someone to claim another person as a dependent on their tax return ...View the full answer
Answered By
Owino Otieno
My proficiency as a tutor lies in my ability to understand and respond to questions, provide explanations, and offer detailed information on various topics. I can help with academic subjects such as mathematics, science, history, literature, and more. I can also provide assistance with writing, proofreading, and language learning.
I am capable of adapting to different learning styles and can present information in a clear and concise manner. I can break down complex concepts into simpler terms, provide examples and illustrations, and engage in interactive discussions to enhance the learning experience. Additionally, I can offer guidance on problem-solving strategies, critical thinking, and exam preparation.
0.00
0 Reviews
10+ Question Solved
Related Book For
South Western Federal Taxation 2016 Individual Income Taxes
ISBN: 9781305393301
39th Edition
Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young
Question Posted:
Students also viewed these Business questions
-
During 2016, Jenny, age 14, lives in a household with her father, uncle, and grandmother. The household is maintained by the uncle. The parties, all of whom file separate returns, have AGI as...
-
During 2021, Jenny, age 14, lives in a household with her father, uncle, and grandmother. The household is maintained by the uncle. The parties, all of whom file separate returns, have AGI as...
-
During 2017, Jenny, age 14, lives in a household with her father, uncle, and grandmother. The household is maintained by the uncle. The parties, all of whom file separate returns, have AGI as...
-
The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $7.20 per share on January 1, 2014. The remaining 20 percent of Devines shares also traded...
-
(TCO D) Tangy Candy Company offers a coffee mug as a premium for every ten 50-cent candy bar wrappers presented by customers together with $1.00. The purchase price of each mug to the company is 90...
-
What motivational technique would work best for your own individual demands? Which technique would be less effective? Explain your answer.
-
The Asian stochastic beetle. We can use simulation to examine the fate of populations of living creatures. Consider the Asian stochastic beetle. Females of this insect have the following pattern of...
-
Figure is a system sequence diagram for the use case Record dental procedure in the dental clinic system. Do the following: a. Develop a first-cut sequence diagram, which only includes the actor and...
-
In Canada, interest income on all bonds (Governemtn of Canada, provincial, municipal, corporate) is subject to tax. If the federal government announced that interest income on its bonds would be...
-
How do you calculate the percentage of change in sales from 20X8 to 20X9? This will go in cell D7? Show the formula. Kretsmart Common-Size Income Statements For the Years Ended December 31, 20'X'9,...
-
Sam and Elizabeth Jefferson file a joint return and have three childrenall of whom qualify as dependents. If the Jeffersons have AGI of $332,000, what is their allowable deduction for personal and...
-
For tax year 2015, determine the number of personal and dependency exemptions in each of the following independent situations: a. Leo and Amanda (ages 48 and 46, respectively) are husband and wife...
-
Motion of the wheel as it rolls up the fixed rack on its geared hub is controlled through the peripheral cable by the driving wheel D, which turns counterclockwise at the constant rate 0 = 4 rad/s...
-
The issue of Royal Rose Manufacturing Co., Ltd. with many new employees is the low level of production. Although the company implements training programs for employees, the skill improvement of...
-
For safety reasons an elevator stops with an acceleration of g/3 in the case of an emergency. Let's assume an unusually high ceiling of the elevator to hang three sections lamp one below the other...
-
Can Google be characterized as a monopoly? Justify your answer by specifying and comparing the characteristics of a monopoly with those of Google. What is competition law? How would you justify the...
-
In the case below design and draw a Rich Picture that identifies the key stakeholders, actors, power and decision-making authorities. The novel coronavirus has turned the world upside down as a...
-
1. Two spherical stars A and B have densities PA and PB, respectively. A and B have the same radius, and their masses MA and M are related by MB = 2M. Due to an interaction process, star A loses some...
-
Three horizontal forces are applied as shown to a vertical cast iron arm. Determine the resultant of the forces and the distance from the ground to its line of action when (a) P = 200 N, (b) P = 2400...
-
Test your confidence in the following Project Decisions: SI. # Question 01 02 03 04 05 06 07 08 09 10 How many years did it take to construct the largest Egyptian Pyramid- Pyramid of Cheops? When was...
-
Osprey Corporation, a closely held corporation, has $100,000 of net active income, $25,000 of portfolio income, and a $120,000 loss from a passive activity. a. How much of the passive loss can Osprey...
-
Osprey Corporation, a closely held corporation, has $100,000 of net active income, $25,000 of portfolio income, and a $120,000 loss from a passive activity. a. How much of the passive loss can Osprey...
-
Osprey Corporation, a closely held corporation, has $100,000 of net active income, $25,000 of portfolio income, and a $120,000 loss from a passive activity. a. How much of the passive loss can Osprey...
-
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
-
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
-
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App