Personal Financial Planning 13th Edition by Lawrence Gitman,Michael Joehnk,Randy Billingsley

Exercise 16

Jeff Cambell was married on January 15, 2012. His wife, Laura, is a full-time student at the university and earns $625 a month working in the library. How many personal exemptions will Jeff and Laura be able to claim on their joint return Would it make any difference if Laura's parents paid for more than 50 percent of her support Explain.