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Frank's living expenses come to $20,000 for the year.He covers $4,000 from his ownsavings.Frank's old high school chum Ed contributes another $4,000.The remaining $12,000 are
Frank's living expenses come to $20,000 for the year.He covers $4,000 from his ownsavings.Frank's old high school chum Ed contributes another $4,000.The remaining $12,000 are obtained as follows:Fran, Frank's daughter: $4,500; Frank's 5 grandchildren each kick in $1,000; Bob, Frank's brother, $2,500.Frank's gross income is $2,450.The family asks you if anyone can claim Frank as his or her dependent - what do you tell them? (show your analysis.)
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