Determining the other household costs

Assignment Help Project Management
Reference no: EM13991849

Determine whether each of the following individuals can be claimed as a dependent in the current year. Assume that any tests not mentioned have been satisfied.

  • Victor gives his mother, Maria, $10,000 a year to help pay for her food, rent, and other household costs. Her only income is $8,000 in Social Security benefits.
  • Manuel is 22 years old and a full-time student. He lives at home with his parents, who pay $7,000 in college expenses and other costs to support him. During the year, he earns $5,600 working as a sales clerk in a department store of which he saves $600 and spends the rest on his support.
  • Assume the same facts as in part b, except that Manuel is 25 years old.
  • Michael and Veronica are divorced in the current year. Michael is required to pay $400 per month in child support. Veronica has custody of their 4-year-old son and pays the other $200 per month it costs to support him.
  • Bettina pays all of the support for her father, Salvador, who lives in Mexico City.

Reference no: EM13991849

Questions Cloud

Determine the maximum deduction from agi : Determine the maximum deduction from AGI for 2010 for each of the following taxpayers:
Total expenses of maintaining the condominium : Simon is single and owns a condominium in Florida. His father lives in the condominium, and Simon receives $1,000 per year from his father as rent. The total expenses of maintaining the condominium are $15,000. His father receives a pension of $25..
Review and reflect on the sectors-assets and vulnerabilities : What were the most compelling points from the interaction with your fellow students and how did participating in this discussion help in your understanding of the Discussion Board task?
Legal age and none lives in the household : Sam's wife died in February of last year. Their children are all of legal age and none lives in the household. Sam has not remarried. Would your answer to part e change if Sam has a dependent child who still lives in the home?
Determining the other household costs : Victor gives his mother, Maria, $10,000 a year to help pay for her food, rent, and other household costs. Her only income is $8,000 in Social Security benefits.
Source document that impacts the job cost sheet : What activities and responsibilities are not associated with management's functions?
What average force do you exert on the piston : A hand-driven tire pump has a 2.50 cm diameter piston and a maximum stroke of 32.0 cm. How much work do you do in one stroke if the average gauge pressure is 2.40 x 105 N/m2 (about 35 psi)? (You may consider this an isothermal process.)
Problem regarding the sources of income : Megan's father has no sources of income. During the year, Megan pays all of her father's support. He is a citizen and resident of Australia.
Problem regarding the preparation of anthony : What are Brigid's responsibilities (refer to the Statements on Standards for Tax Services), if any, concerning Anthony's 2009 tax return? What effect does the issue have on Brigid's preparation of Anthony's 2010 return?

Reviews

Write a Review

Project Management Questions & Answers

  Explain how can a manager influence customer expectations

Explain how can a project manager influence customer expectations and perceptions and what is the difference between functional and dysfunctional conflict on a project

  Why project risks are significant to success of project

Estimate and recognize project risks are equally significant to success of project. Create at least three risks which could potentially cause scope, cost, or schedule of project to slip.

  What does the case demonstrate about effect of poor project

What does this case demonstrate about the effect of poor project screening methods on a firm's ability to manage projects effectively? How would project portfolio management help to improve the situation at Keflavik?

  Determine and managing project budgets

Show the processes involved in determining and managing project budgets while explaining what points and pitfalls project managers should keep in mind when performing these functions.

  Importance of project management

Demonstrate a sound understanding of the importance of Project Management in the development and maintenance of sustainable and global organisations operating in complex market environments

  What will you need to understand and measure

1. What will you need to understand and measure for an effective reengineering project?

  Computing earnings before interest and taxes

The sale price is estimated at $14 a unit, give or take 5 percent. What is the earnings before interest and taxes under the BEST case scenario?

  Simple flowchartconsider the construction of a simple 8 x

simple flowchartconsider the construction of a simple 8 x 10 wood picture frame. the picture frame consists of four

  The mix or blend of the three ingredients is critical

The mix or blend of the three ingredients is critical. At least one ounce of ingredient A must be used for every ounce of ingredient B

  Write a memo to george readymix outlining

Write a memo to George Readymix outlining - You have summarised the direct labour costs and some of the key hardware and software costs in question - What additional costs are associated with this project? Be as specific as possible in your answer.

  Master scheduling

Turn the master schedling over to a computer system - Master scheduling

  Define a view containing the details of orders placed

Define a view containing products from supplier number S3399214. Include all product columns in the view. Define a view containing the details of orders placed in January 2010. Include all OrderTbl columns, OrdLine.Qty, and the products name in the..

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