Tab and sharon are married and under 65 year of age, During 2016, they more than
ID: 3863787 • Letter: T
Question
Tab and sharon are married and under 65 year of age, During 2016, they more than hair the support of Alex, Bean Carla and Cheryl. Alex is their 15 years old son and earned $9,000 as a day camp counselor, seen Tab' s 25-years old son by a prior marriage and its full time student in the law school. earned $10,000 as a law clerk. This is seen' s only source of income, green income is $1, 500 and cheryl' s gross income is $1, 900. is a of Tab' s household. is Tab' s former mother-in-law and lives in another state, Cheryl is unrelated and a close friend of sharon' s family, She lives with Tab and Sharon, how may dependency exemptions should Tab and Sharon claim? Two Three Four Five Six Belie, age 66, is claimed as a dependent on her son' s tax return. During 2016, she had interest income of $2,000 and $750 of earned income from body sitting. Belle' s taxable income is $50, $100, $1, 35 $0 Some other amount During the current year, Freda was entirely supported by her three children, Michelle Brian and John, who provided support in the following percentages: Which of the children is entitled to claim their mother as a dependent, assuming a multiple support agreement exists? Michelle or Brian or John Michelle or John Brian or John Michelle or Brian None of the above Which choice is correct and true with respect the personal and dependency exemption phaseout rules for high income taxpayers: The phaseout rules only apply to personal exemptions The phaseout rules only apply to dependency exemptions The phaseout rules apply to both personal and dependency exemptions. A maximum of 85% of the personal and dependency can be phased out. None of the above.Explanation / Answer
7. Option D.
A maximum of 85% of the personal and depency excemptions can be phased out.
6. Option c
Srian or Brain.
5. Option E.
Accordin to my calculation it is showing some ther amount. around 120
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.