31. Analyze each of the characteristics in considering the indicated test for dependency as a qualifying child or qualifying relative. In the last two columns, after each listed test (e.g., Gross income), state whether the particular test is Met, Not Met, or Not Applicable (NA). (LO.4) Characteristic Qualifying Child Test Qualifying Relative Test a. Taxpayer's son has gross income of $7,000. Gross income Gross income b. Taxpayer's niece has gross income of $3,000. Gross income Gross income C. Taxpayer's uncle lives with him. Relationship d. Taxpayer's daughter is 25 and disabled. Age Relationship Age e. Taxpayer's daughter is age 18, has gross income of $8,000, and does not live with him. Residence Gross income Gross income f. Taxpayer's cousin does not live with her. Relationship Residence Relationship g. Taxpayer's brother does not live with her. Residence Relationship h. Taxpayer's sister has dropped out of school, is age 17, and lives with him. Relationship Residence Age Relationship i. Taxpayer's older nephew is age 23 and a full-time student. Relationship Age Relationship j. Taxpayer's grandson lives with her and has gross income of $7,000. Relationship Residence Relationship Gross income
31. Analyze each of the characteristics in considering the indicated test for dependency as a qualifying child or qualifying relative. In the last two columns, after each listed test (e.g., Gross income), state whether the particular test is Met, Not Met, or Not Applicable (NA). (LO.4) Characteristic Qualifying Child Test Qualifying Relative Test a. Taxpayer's son has gross income of $7,000. Gross income Gross income b. Taxpayer's niece has gross income of $3,000. Gross income Gross income C. Taxpayer's uncle lives with him. Relationship d. Taxpayer's daughter is 25 and disabled. Age Relationship Age e. Taxpayer's daughter is age 18, has gross income of $8,000, and does not live with him. Residence Gross income Gross income f. Taxpayer's cousin does not live with her. Relationship Residence Relationship g. Taxpayer's brother does not live with her. Residence Relationship h. Taxpayer's sister has dropped out of school, is age 17, and lives with him. Relationship Residence Age Relationship i. Taxpayer's older nephew is age 23 and a full-time student. Relationship Age Relationship j. Taxpayer's grandson lives with her and has gross income of $7,000. Relationship Residence Relationship Gross income
Chapter3: Computing The Tax
Section: Chapter Questions
Problem 28P
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT