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3. 2. e. Hea Jay is divorced and has custody of his 9-year-old child. Jay provides over half the cost of the home in
3. 2. e. Hea Jay is divorced and has custody of his 9-year-old child. Jay provides over half the cost of the home in which he lives with his child. What filing status should Jay use? a. Single b. Married filing jointly c. Married filing separately d. Surviving Spouse e. Head of Household 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 this year. Which of the following is a true statement regarding whether the Jacksons can claim Ned as a dependent? a. 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 as long as his gross income does not exceed $4,400. b. Assume 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 as long as the Jacksons provided more than half his support. 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 under any circumstance. For federal income tax purposes, which of the following inequalities is nerally most correct? a. Average tax rate > Marginal tax rate b. Effective tax rate > Marginal tax rate c. Marginal tax rate > Effective tax rate d. Marginal tax rate > Average tax rate
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