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Mr. and Mrs. Zhang file a joint return. They provide over 55% of the financial support for Jacob, their 22-year old son. Jacob lived with

Mr. and Mrs. Zhang file a joint return. They provide over 55% of the financial support for Jacob, their 22-year old son. Jacob lived with the Zhangs until he graduated from State University in August and moved into his own apartment. Jacob earned $12,000 from his internship during the year. Which of the following statements is CORRECT?

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Jacob is ONLY a qualifying child of the Zhangs.

Jacob is ONLY a qualifying relative of the Zhangs.

Jacob may be BOTH a qualifying child and a qualifying relative of the Zhangs.

Jacob is NEITHER a qualifying child nor a qualifying relative of the Zhangs.

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