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tangare [24]
3 years ago
12

Wayne supported his daughter Carol, age 21, until her marriage in August 2018. Carol was full-time student for 5 months of 2018.

Carol and her husband both had parttime jobs adn had federal income tax withheld. their total AGI was $10000 in 2018. CAn Wayne claim Carol as a dependent on his 2018 return?a) Yes, as long as Carol and her husband are filing a joint return only to claim a refund of withholdings or estimated taxes paidb) No, she was married at the end of the year so is considered married for the entire year.c) No, not unless her husband files as singled) No, she is an adult and must file her own return
Business
1 answer:
allochka39001 [22]3 years ago
3 0

Yes, as long as Carol and her husband are filing a joint return only to claim a refund of withholdings or estimated taxes paid

Explanation:

There are many rules to claim one person as dependent.

Not Paid a joint tax return unless or it is just to claim a refund. But can have tax returns even married also.

While claiming a dependent as a children, the child should follow the following

  • The dependent must be a son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister.
  • The child must be 18 or younger or if a student should not exceed 24.
  • As a student, the child must have attended school full-time during at least five months of the year.
  • In this case Wayne can claim Carol as a dependent on his 2018 return because all of the rules are satisfied.
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3 years ago
It costs​ Homer's Manufacturing to produce baseballs and Homer sells them for a piece. Homer pays a sales commission of​ 5% of s
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Answer:

$105,075

Explanation:

The computation of the operating income is shown below:

Sales (4 × 69,500)                                              $278,000

Less:Variable costs (0.95 × 69,500 + 5% × 278,000)  $79,925

Contribution margin                                                     $198,075

Less: fixed cost (13,000 + 80,000)                      $93,000

Net operating income                                                 $105,075

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3 years ago
A person invested $20,000 into two accounts that pays 2.5% and 3% simple interest annually, respectively. find the amount invest
denpristay [2]
Let:
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