Alan is a 23-year old student at Upper State College. He earned $4,200 at a summer job. I. Because he earns over $3,950 his parents cannot claim him as a dependent on their return. II. Alan cannot claim a personal exemption for himself if his parents can claim him as a dependent.
A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.
Correct Answer:
Verified
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