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5. Sarah is the Colton family's 23-year-old daughter. She is a full-time student at an out-of-state university (for 8 months of the year) but plans
5. Sarah is the Colton family's 23-year-old daughter. She is a full-time student at an out-of-state university (for 8 months of the year) but plans to return home when the school year ends. During the year, Sarah earned $4,500 of income working part-time. Her support totaled $20,000 for 2014. Of this amount, Sarah paid $7,000 with her own funds, her parents paid $12,000, and Sarah's grandparents paid $1,000. Which of the following statements most accurately describes whether Sarah's parents can claim a dependency exemption for her?A. Yes, Sarah is a qualifying child of her parents.B. No, Sarah fails the support test for both qualifying children and qualifying relatives.C. No, Sarah does not pass the gross income test.D. Yes, Sarah is a qualifying relative of her parents.E. None of the above
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