Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Interview Notes Aurora and Oscar separated in 2017 and divorced in October 2019. She earned $40,000 in wages and paid more than half the cost
Interview Notes Aurora and Oscar separated in 2017 and divorced in October 2019. She earned $40,000 in wages and paid more than half the cost of keeping up her home in 2019. Aurora and Oscar have a son, Milo, who is 17 years old and unmarried. Aurora signed Form 8332 (Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent) allowing Oscar to claim Milo in 2019. Milo is a full-time student working towards a degree in computer information systems. Milo lived on campus during the school year and spent the summer at home with his mother. Milo does not a have a felony drug conviction and is not a qualifying child for anyone except Aurora. Aurora paid $5,000 of Milo's tuition that was not covered by his scholarship. Aurora provided more than half of her son's support and all the cost of his room and board on campus. Milo's only income was $3,800 in wages and $400 of dividend income. He had no federal or state tax withholding. Aurora and Milo are U.S. citizens and have valid Social Security numbers. 11. Aurora's most advantageous filing status for 2019 is Single. a. True b. False 12. Aurora cannot claim her son for the earned income credit because he did not live with her for more than half the year and does not meet the residency test. a. True. Milo only lived with his mother during the summer, which was less than six months. b. False. Attendance at school is considered a temporary absence and those months are counted as time that Milo lived with her for the earned income credit. 13. Milo is Oscar's qualifying person for which of the following? a. Head of Household filing status b. Earned income credit c. Credit for other dependents d. Child tax credit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started