Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 2 In the current year, Mark provided more than half the support for his cousin, his nece, and a close family friend. Mark lives

image text in transcribed
QUESTION 2 In the current year, Mark provided more than half the support for his cousin, his nece, and a close family friend. Mark lives alone and sends a monthly support check to each one. None of the individuals whom Mark supports has any income or files any tax return. All three are U.S. citizens Which of the three people Mark supports can he claim as a dependent on his tax return? 1. Cousin, neice, and family friend 2. Niece 3. None of them 4.Cousin and Niece QUESTION 3 Morris and Cindy are married and have two children, Katherine and Michael Katherine is 20 years old and attends a private college full time, Katherine earns $10.000 warlong as a office clerical person and uses the money to pay for one her tuition but her parents pay for the remainder and all of her living expenses Michaelis 18 in a lifeguard eaming $10,000 and is waiting to enroll in the Coast Guard Academy next year. He is saving all his money to buy a new car sometimes in the future. Lois Cindy's mother, lives in an apartment above their swimming pool and receives $15,000 in social secunty but Morris and Cindy pay for most of her living expenses How many dependents can Morris and Cindy claim on the joint income tax return for 20207

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

Step: 3

blur-text-image

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

International Financial Reporting

Authors: Alan Melville

7th Edition

1292293128, 9781292293127

More Books

Students also viewed these Accounting questions

Question

Explain why needs motivate our behavior.

Answered: 1 week ago