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DanielleElmas [232]
3 years ago
15

n certain circumstances, a taxpayer who provides less than half the support of another may still be able to claim that person as

a dependent as a qualifying relative. True/false
Business
1 answer:
siniylev [52]3 years ago
7 0

Answer:

True, through a multiple support agreement signed between 2 or more taxpayers that provide financial support to the same dependent.

Explanation:

Form 2120 allows taxpayers to claim deductions for a relative as a dependent on their tax returns, but since they do not pay at least 50% of their expenses, they cannot claim them under normal rules. Certain conditions must be met, the most important are:

  • the taxpayer must pay for at least 10% of the dependent financial needs
  • they must have signed a multiple support agreement (the other taxpayers waive their right to claim the person as a dependent).

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antoniya [11.8K]
I would say the answer is the second option. A budget is a plan for spending and saving your money. It is the allocation of the available to to your needs to live comfortably. It allows you to project or foresee what will be the available amount of money left for a certain period of time.
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3 years ago
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Inessa [10]

Answer:

hey im sorry your going through this, i know what its like.

Explanation:

to know that your parent almost did something like that to you is awful to think about. it can be really scary and your going to want to hide your true feelings/self from them so that they won't do something like it again. in the end, you can't control their actions, but im not saying this to invalidate you.

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3 years ago
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A period of economic growth that follows the lowest point in a business cycle
BabaBlast [244]

Answer:

D. expansion

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5 0
3 years ago
A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years? Round the
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Answer:

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Explanation:

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A teenage driver crashes her​ parents' minivan into an office​ building, causing​ $85,000 in damage to the building. The automob
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Answer:

The driver will pay $10,000, because the insurance company can pay max $75,000 as regulated in term "insurance limit 100/250/75"

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