1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kramer
3 years ago
10

Charlotte is the Lucas family's 22-year-old daughter. She is a full-time student at an out-of-state university but plans to retu

rn home when the school year ends. During the year, Charlotte earned $4,000 of income working part time. Her support totaled $30,000 for the year. Of this amount, Charlotte paid $7,000 with her own funds, her parents paid $14,000, and Charlotte's grandparents paid $9,000. Which of the following statements most accurately describes whether Charlotte's parents can claim Charlotte as a dependent?
Business
1 answer:
ehidna [41]3 years ago
3 0

Answer:

Charlotte is a qualifying child (QC)

Explanation:

The six IRS requirements are: for determining a qualifying child are:

  1. Relationship: Charlotte is the Lucas's daughter.
  2. Age: since she is a full time student, she can be up to 24 and still qualify (she is only 22).
  3. Residence: the time spent studying counts as living with her parents.
  4. Support: Charlotte is not able to pay for at least half of her expenses.
  5. Joint return: Charlotte is not filing any joint return.  
  6. Citizenship: apparently Charlotte is American or at least legal alien.
You might be interested in
What are the factors of production required by jewellery shop to operate its business
Blababa [14]

Answer:

See explain

Explanation:

There are 4 factors of production, land labor entreprenuership and capital.

The land of the jewellery shop would be the actual land that the store is on itself. The labor of the shop would be any of the work that any employees are doing. The capital would be any goods or machinery that is used in the store like cash registers, or bulletproof glass to protect their belongings, or any tools that the store uses to help make their jewellery etc. The last and final factor entrepreneurship might be for example the owner of the store, who manages the other 3 factors to bring a profit to the store.

4 0
3 years ago
Should i study buisness like is it hard
Len [333]

Answer:

idk, just go for it if its wut u want

Explanation:

8 0
3 years ago
By paraphrasing, an individual is:
natita [175]
By paraphrasing, an individual is:
ANSWER C. Putting another person's idea into different words or context
6 0
3 years ago
Read 2 more answers
In which form of business is a single individual responsible for the repayment of any debts? proprietorship. corporation. partne
deff fn [24]
<span>In which form of business is a single individual responsible for the repayment of any debts? Proprietorship. In a </span>proprietorship, a sole person owns a business. Because they are the sole owner they are responsible for paying income taxes on profits earned from the business and also repayment of debt. A proprietorship is the simplest business a person can own and operate under. 
6 0
3 years ago
LinkedIn Prospecting?
prohojiy [21]

Answer:

<em><u>Sales prospecting is what it sounds like: Sifting through a mountain of businesses and individuals to uncover the prospects who are most likely to convert into paying customers with a little effort, like a miner panning for gold. Like prospecting for gold, it takes a lot of time.</u></em>

<em>#CarryOnLearning</em><em> </em>

4 0
3 years ago
Read 2 more answers
Other questions:
  • A pre-purchase inspection differs from a pre-sale inspection in that a. it's requested by the home buyer rather than the seller.
    6·1 answer
  • The dividend policy must be formulated considering two basic objectives, namely ________. delaying the tax liability of the stoc
    9·1 answer
  • The management staff at Doc's Motorcycles believes the company has a social responsibility to its community. They believe that t
    14·1 answer
  • When demand is unit​ elastic, a change in price causes total revenue to stay the same because A. total revenue never changes wit
    14·1 answer
  • Wagner Enterprises and Stone Services both disposed of an old asset. When completing the journal entry, Wagner Enterprises inclu
    11·1 answer
  • Which one sounds better?<br> Basic Betty OR Basic Betsey
    13·2 answers
  • On a loan of $32,000 at 7% interest for 6 months, how much do you wind up paying to pay off the loan?.
    6·1 answer
  • A bond has a par value of $1,000, a current yield of 6. 90 percent, and semiannual coupon payments. the bond is quoted at 101.17
    8·1 answer
  • Variable costs per unit: Manufacturing: Direct materials $ 26 Direct labor $ 10 Variable manufacturing overhead $ 2 Variable sel
    10·1 answer
  • ______ are frequently used to encourage key managers to maximize the value of the firm's stock.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!