Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ashley is single and lives with Barney, her boyfriend, and Candy, his 8 year old daughter. Ashley paid all of the support for her household

Ashley is single and lives with Barney, her boyfriend, and Candy, his 8 year old daughter. Ashley paid all of the support for her household in 2018. Barney has earned income of $2,500 and had income tax withheld form his wages. He has no other income and is not required to file an income tax return. with one qualifying child, Barney may claim an earn income credit. Barney files an income tax return solely to obtain a refund of withheld income taxes and does not claim EIC. because Barney does not have a filing requirement and filed only to obtain a refund of withheld income taxes, Candy is not considered the qualifying child of Barney or any other taxpayer. Based on the information provided, can Ashley claim Candy as a dependent?

a)Ashley may not claim Candy as her qualifying relative even if the other requirements are met.

b) Ashley may claim Candy as her qualifying child provided all other requirements are met

c) Ashley may claim Candy as her qualifying relative provided all other requirements are met

d) Ashley may not claim Candy as her qualifying child even if other requirements are met.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Financial Management

Authors: Julian Ralph Franks, Harry H. Scholefield

2nd Edition

0566020548, 978-0566020544

More Books

Students also viewed these Finance questions