Kyle and Liza are married and under 65 years of age.During 2011,they furnish more than half of the support of their 18-year old daughter,May,who lives with them.May earns $15,000 from a part-time job,most of which she sets aside for future college expenses.Kyle and Liza also provide more than half of the support of Kyle's cousin who lives with them.Liza's father,who died on January 3,2011,at age 90,has for many years qualified as their dependent.How many personal and dependency exemptions should Kyle and Liza claim?
A) Two.
B) Three.
C) Four.
D) Five.
E) None of the above.
Correct Answer:
Verified
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