Business, 22.02.2021 19:10 cheermom2000

Jane is 20 years old and is a sophomore at Lake University. She is a full-time student and does not have any gross income. Jane spends the holidays and summers at home with her parents. Her total support for the current tax year is $30,000, including a scholarship for $5,000 to cover her tuition. Jane used $12,000 of her savings, and her grandparents provided $13,000. Which of the following statements regarding the dependency rules for Jane is true? a. If Janeâ€™s parents (rather than her grandparents) provided the $13,000, then they would not be able to claim Jane as a dependent because Jane provided more than half of her own support.
b. Janeâ€™s grandparents can claim her as a dependent because Jane did not provide more than half of her own support.
c. Janeâ€™s grandparents cannot claim her as a dependent because Jane provided more than half of her own support.
d. Jane is no oneâ€™s dependent because she provided more than half of her own support.

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Answer from: anans

c. Jane grandparents cannot claim her as a dependent because Jane provided more than half of her own support.

Explanation:

Based on the information given the statements regarding the dependency rules for Jane that is true is Jane grandparents cannot in any way claim Jane as a dependent reason been that Jane provided more than half of her own support due to the fact that she her s total support for is the amount of $30,000 which as well include a scholarship of the amount of $5,000 to help cover tuition in which Jane used the amount of $12,000 of her savings while her grandparents on the other hand only provided the amount of $13,000 out of the Total support of $30,000.

Answer from: Quest

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.

Answer from: Quest

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Jane is 20 years old and is a sophomore at Lake University. She is a full-time student and does not...

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