Posted: December 20th, 2021

Jennifer supports Ben, her cousin

QUESTION 1?Jennifer supports Ben, her cousin, who lived with her all year. Jennifer also supports two other individualswho do not live with her:JoAnn who is Jennifer’s mother, and Morris who is Ben’s brotherHow many (total)personal and dependency exemptions may Jennifer claim? (Assume all other requirements are met.)??11?2?3?4?23QUESTION 2?Ben, age 23, is a full-time student and single. Ben is supported primarily by his parents. What is themost income that Ben can earn this year without disqualifying Ben as a dependent???$3,200?$5,000?No limitexists.?$3,199?QUESTION 3?One requirement for claiming a Qualifying Child is that the taxpayer provide more than 50% of the child’ssupport.?? True? FalseQUESTION 4?As to the requirements for claiming dependents, which of the following is true????Dependents may earn only $1,000.??All dependents must be under the age of 24.??Children under the age of 14 with unearned income over the personal exemption amount may not be claimed as adependent.A dependent may be married and file a joint tax return under certain circumstances.???QUESTION 5?Anna is supported entirely by her four children Julie, John, Jane and Joseph who provide her support in thefollowing percentages:Julie 5%, John 10%, Jane 40%, Joseph 45%Assuming a multiple support declarationexists, which of the children may claim Anna as a dependent?Any one of themJohn, Jane or JosephJane or JosephJoseph onlyNone of them5 points (Extra Credit)QUESTION 6?Lily, who is divorced, maintains a home in which she and her 15-year-old daughter live. Lily provides themajority of the support for her daughter and for a son, age 23, who is enrolled full-time at the university and lives inthe dorm. The son also works in the campus bookstore and earns spending money of $4,001. How many personaland dependency exemptions may Lily claim????1??2??3??4?QUESTION 7???FalseIndividuals who die before the end of the year cannot be claimed as dependents.TrueQUESTION 8?Generally, in the case of a divorced couple, the parent who has physical custody of a child for the greaterpart of the year is entitled to the Qualifying Child dependency exemption.??TrueFalseQUESTION 9?Which of the following is not considered support for the Qualifying Person support test???Clothing?Transportation?Portion of home expenses?Value of services rendered by thetaxpayer for the dependent?QUESTION 10?When determining if a Qualifying Person exemption is available, there is an exception to the support testin the case of multiple support declarations.?? TrueFalseQUESTION 11?Mohamed’s father is retired and receives $9,000 per year in social security benefits. Monhamed’s fathersaves $2,000 of the benefits and spends the remaining $7,000 for his support. How much support must Mohammedprovide for his father to meet the qualifying person support requirement???$9,000?$9,001?$7,000?$7,001

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