Earl and Lawanda Jackson have been married for 15 years. They have no children. Ned, who is an old friend from high school, has been living with the Jacksons during thecurrent year. Which of the following is a true statement regarding whether the Jacksons can claim a dependency exemption for Ned in the current year?
A) Assume that Ned originally moved into the Jackson's home two years ago and he has lived there ever since. If this year Ned earned $3,000 at a part time job and he received $5,000 in municipal bond interest, he may qualify as the Jackson's dependent so long as the Jacksons provided more than half his support.
B) If Ned moved into the Jackson's home in June and he lived there for the remainder of the year, he may qualify as the Jackson's qualifying relative.
C) If Ned lived in the Jackson's home for the entire year, he will qualify as their dependent no matter who provided his support.
D) If Ned is over 19 or he is not a full-time student, he cannot qualify as the Jackson's dependent.
Correct Answer:
Verified
Q86: In order to be a qualifying relative
Q87: Which of the following statements regarding the
Q88: In June of year 1, Jake's wife
Q89: Lydia and John Wickham filed jointly in
Q90: All of the following are tests for
Q92: William and Charlotte Collins divorced in November
Q93: In June of year 1, Eric's wife
Q94: Filing status determines all of the following
Q95: Which of the following is not a
Q96: Which of the following statements about a
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