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Alan is a 23-year-old student at Upper State College. He earned $4,400 at a summer job. Because he earns over $4,200, he is not a

Alan is a 23-year-old student at Upper State College. He earned $4,400 at a summer job.

  1. Because he earns over $4,200, he is not a dependent of his parents.
  2. His parents can claim a $500 family tax credit for Alan as a dependent.

Only statement I is correct.

Only statement II is correct.

Both statements are correct.

Neither statement is correct.

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