2-39 Dependency Exemptions and Child Credit/
How many dependency exemptions are following taxpayers entitled to, assuming the people involved are U.S. Citizens? Which dependents qualify for the child credit?
a.Andrew Supports his cousin Mary, who does not live with him. Mary has no income and is single.
No Dependency exemption, Mary doesn’t live with Andrew and cousins do not meet relationship test.
No Child Credit
b.Bob and Ann are filing a joint return. Bob provided over one-half of his father’s support. The father received Social Security benefits of $6000 and taxable interest income of $800. The fatheris single and does not live with them.
1 dependency exemption for Bob’s dad, No Child Credit.
c.Clay provides 60% of his single daughter’s support. She earned $3,000 while attending school during the year as a full-time student. She is 22 years old.
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