Business, 10.03.2020 20:28 uchapman6286

Earl and Lawanda Jackson have been married for 15 years. They have no children. Ned, who is an old friend from high school, has been living with the Jacksons during the current year.
Which of the following is a true statement regarding whether the Jacksons can claim Ned as a dependent for the current year?

A. If Ned moved into the Jackson's home in June and he lived there for the remainder of the year, he may qualify as the Jackson's qualifying relative.
B. Assume that Ned originally moved into the Jackson's home two years ago and he has lived there ever since. If this year Ned earned $3,000 at a part-time job and he received $5,000 in municipal bond interest, he may qualify as the Jackson's dependent so long as the Jacksons provided more than half his support.
C. If Ned lived in the Jackson's home for the entire year, he will qualify as their dependent no matter who provided his support.
D. If Ned is over 19 or he is not a full-time student, he cannot qualify as the Jackson's dependent.

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Earl and Lawanda Jackson have been married for 15 years. They have no children. Ned, who is an old f...

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