Charlotte is the Lucas family's 22-year-old daughter.She is a full-time student at an out-of-state university but plans to return home when the school year ends.During the year,Charlotte earned $4,000 of income working part-time.Her support totaled $30,000 for the year.Of this amount,Charlotte paid $7,000 with her own funds,her parents paid $14,000,and Charlotte's grandparents paid $9,000.Which of the following statements most accurately describes whether Charlotte's parents can claim a dependency exemption for Charlotte?

Question

Quizplus · Accepted Answer

Charlotte meets all the tests to be considered a qualifying child of her parents. She is under age 24, a full-time student, and her parents provided more than half of her support during the year. Additionally, her gross income of $4,000 is less than the exemption amount and therefore does not disqualify her as a dependent.

Charlotte Is the Lucas Family's 22-Year-Old Daughter