Anna is a 21-year-old full-time college student (she plans on returning home at the end of the school year) . Her total support for the year was $34,000 (including $8,000 oftuition) . Anna covered $12,000 of her support costs out of her own pocket (from savings, she did not work) and she received an $8,000 scholarship that covered all of her tuition costs. Which of the following statements regarding who is allowed to claim Anna as an exemption is true?
A) Even if Anna's grandparents provided the remaining $14,000 of support for Anna ($34,000 minus $12,000 minus $8,000) they would not be able to claim her as a dependent.
B) Because she provided more than half her own support, Anna may claim a personal exemption for herself.
C) Even if Anna's parents provided the remaining $14,000 of support for Anna ($34,000 minus $12,000 minus $8,000) , they would not be able to claim her as a dependent.
D) None of these statements is true.
Correct Answer:
Verified
Q71: Which of the following types of income
Q72: Joanna received $60,000 compensation from her employer,
Q73: Which of the following statements regarding personal
Q74: All of the following are for AGI
Q75: Jamison's gross tax liability is $7,000. Jamison
Q77: Which of the following statements regarding tax
Q78: Which of the following statements regarding tax
Q79: Madison's gross tax liability is $9,000. Madison
Q80: Which of the following statements regarding personal
Q81: Michael, Diane, Karen, and Kenny provide support
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents