5.0
FEDERAL INCOME TAX EXAM 1
QUESTIONS LATEST 2024-2025 AND
CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY
GRADED A+
To qualify as a dependent of another
ANS:
✓ 1. must be a citizen of the united states or a resident of the united
states, canada, or mexico
✓ 2. must not file a joint return with his or her spouse unless there would
not have been any tax liability on the couples joint return and there
would not have been any tax liability on either spouses tax return if they
had filed seperately
✓ 3. must be a qualifying child or qualifying relative
Qualifying Child
ANS:
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✓ 1. Relationship Test
✓ 2. Age Test
✓ 3. Residence Test
✓ 4. Support Test
Relationship Test for Qualifying Child
ANS:
✓ 1. taxpayer's child, adopted child, stepchild, and eligible foster child
✓ 2. sibling, including half and step
age test for qualifying child
ANS:
✓ The child must be under age 19 or under age 24 in the case of a
student.
✓
✓ --A student is a child who, during any part of five months of the year, is
enrolled full time at a school or government-sponsored on-farm training
course
✓
✓ --Individuals who are disabled are not subject to the age test
residence test for qualifying child
ANS:
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✓ 1. same principal residence as the taxpayer for more than half the
year
✓
✓ 2. temporary absences for education, or sickeness is counted as living
in home
support test for qualifying child
ANS:
✓ child must not provide more than half of his or her own support for a
year
✓
✓ Scholarships are excluded
tiebreaking rules for qualifying child
ANS:
Examstudy - Stuvia US | Wednesday, 18 December 2024