Number of personal and dependency exemptions

Assignment Help Accounting Basics
Reference no: EM13987664

Determine the number of personal and dependency exemptions in each of the following independent situations.

a. Reginald, a U.S. citizen and resident, contributes 100% of the support of his parents, who are citizens of Canada and live there.

b. Pablo, a U.S. citizen and resident, contributes 100% of the support of his parents, who are citizens of Panama. Pablo's father is a resident of Panama, and his mother is a legal resident of the United States.

c. Gretchen, a U.S. citizen and resident, contributes 100% of the support of her parents, who are U.S. citizens but are residents of Germany.

Reference no: EM13987664

Questions Cloud

Deduction for personal and dependency exemptions : Sam and Elizabeth Jefferson file a joint return. They have three children, all of whom qualify as dependents. If the Jeffersons report 2015 AGI of $332,000, what is their allowable deduction for personal and dependency e..
Find the tangential velocity and tangential acceleration : A ball attached to a string is spinning on a table (ignore any kind of friction), and its angular acceleration is α = 2rad/s. The radius of the trajectory R = 0.4m. Assume that the ball starts from rest, so that ω= 0rad/s at the point θo = 0rad. Find..
Federal income tax return : Who is eligible to claim Jenny as a dependent on a Federal income tax return? Which of Jenny's relatives takes precedence in claiming the exemption? Explain.
Qualifying child or the qualifying relative category : Determine how many personal and dependency exemptions are available in each of the following independent situations. Specify whether any such exemptions would come under the qualifying child or the qualifying relative category.
Number of personal and dependency exemptions : Determine the number of personal and dependency exemptions in each of the following independent situations. a. Reginald, a U.S. citizen and resident, contributes 100% of the support of his parents, who are citizens of Canada and live there.
What force keeps ball from not falling in the vertical axis : How does a ball attached to a string stay upright when it's rotating? When you hold the other end of the string and swing it around in the horizontal axis, what force keeps the ball from not falling in the vertical axis due to gravity?
Number of personal and dependency exemptions : Determine the number of personal and dependency exemptions in each of the following independent situations.
Compute the angular velocity of the ball : Suppose now that the ball with angular acceleration α= -1.04 rad/s2. How much space will it travel along the circle after it stops? In how much time will it stop? How many complete revolutions will the ball make before coming to a stop?
Abandoned spouse and maintains a household : Amelia, age 33, is an abandoned spouse and maintains a household for her three dependent children. She has AGI of $58,000 and itemized deductions of $9,500.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Assignment on the population demographics

The American population is changing and these changes will impact the marketing strategies of all companies.

  On january 1 pete bought a used truck for 14000 he added a

the following events took place at petes painting company during 2008 a. on january 1 pete bought a used truck for

  During 2005 patnode announced and paid dividends of 1000

during 2005 patnode announced and paid dividends of 1000 the only dividend-related activity during the year. what was

  Determining the income elasticity

During recent years, the president and Congress have complained about skyrocketing public and private expenditures for Medicare and Medicaid services. At the same time, the demand for privately financed medical care has also increased significantl..

  Recording transactions affecting the enterprise fund and

recording transactions affecting the enterprise fund and business-type activitiesthe city water utility is owned and

  What criteria or test is used to determine whether an asset

1.which of the following will not result in an increase in revenues?a sale of goods on creditb sales of services for

  Current or contemporary accounting issue

Identify a current or contemporary Accounting issue/concept of your choice from one of the fields listed below (for example, Environmental Accounting could be considered as a contemporary issue for the Financial Reporting field.

  Cash flow on total assets ratio equals

A company had average total assets of $3,216,000, total cash flows of $1,320,000, cash flows from operations of $554,000, and cash flows for plant assets of $850,000. The cash flow on total assets ratio equals:

  Prepare a letter to your client that would be accepted by an

Prepare a letter to your client that would be accepted by an Australian accounting firm or business as ‘envelope-ready’, that is, ready to be sent to the client. This requires correct accounting information in an appropriate form of communication.

  Analytical discussion of the legal issues

The Final Research Paper should address a topic that is connected to the content of this course (elements and requirements of a valid contract; issues related to real and personal property; intellectual property; employment law; and/or, internatio..

  Will present value of your winnings using an interest rate

Will the present value of your winnings using an interest rate of 13% be onehalf the present value of your winnings using an interest rate of 6.5%? Why or why not?

  The two proposed adjustments are important accounting

weve seen huge growth in the computer industry in a very short time. there is a high demand for new software from all

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd