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Acct 331-chapter 4 Questions and
Answers (100% Correct Answers)
Already Graded A+
In each of the following independent situations, determine the
taxpayer's filing status and the number of personal and
dependency exemptions the taxpayer is allowed to claim.
© 2025 Assignment
a. Frank is single and supports his 17-year-old brother, Bill. Bill
earned $3,000 and did not live with Frank. Correct Answer:
Single with two exemptions
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b. Geneva and her spouse reside with their son, Steve, who is a
20-year-old undergraduate student at State University. Steve
earned $13,100 at a part-time summer job, but he deposited
this money in a savings account for graduate school. Geneva
paid all of the $12,000 cost of supporting Steve. Correct
Answer: Married filing jointly with three exemptions
Hamish's spouse died last year, and Hamish has not remarried.
Hamish supports his father Reggie, age 78, who lives in a
nursing home and had interest income this year of $2,500.
Correct Answer: Head of household with two exemptions
d. Irene is married but has not seen her spouse since February.
She supports her spouse's 18-year-old child, Dolores, who lives
with Irene. Dolores earned $4,500 this year. Correct Answer:
Head of household with two exemptions.
e. Assume the same facts as in part d. Assume that Craig is
Irene's husband. Craig supports his 12-year-old son Ethan, who
lives with Craig. Ethan did not earn any income. Correct
Answer: Head of household with two exemptions
, 2
The Samsons are trying to determine whether they can claim
their 22-year-old adopted son, Jason, as a dependent. Jason is
currently a full-time student at an out-of-state university.
Jason lived in his parents' home for three months of the year
and he was away at school for the rest of the year. He received
$9,500 in scholarships this year for his outstanding academic
performance and earned $4,800 of income working a part-time
job during the year. The Samsons paid a total of $5,000 to
support Jason while he was away at college. Jason used the
scholarship, the earnings from the part-time job, and the
money from the Samsons as his only sources of support.
© 2025 Assignment
a. Can the Samsons claim Jason as their dependent? Correct
Answer: Yes.
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Relationship: adopted son qualifies.
Age:under age 24 and full-time student.
Residence:temporary absences away at school count as time in
the parents' home.
support:The Samsons provided $5000 of support for Jason.
b. Assume the original facts except that Jason's grandparents,
not the Samsons, provided him with the $5,000 worth of
support. Can the Samsons (Jason's parents) claim Jason as
their dependent? Correct Answer: Yes.
c. Assume the original facts except substitute Jason's
grandparents for his parents. Determine whether Jason's
grandparents can claim Jason as a dependent Correct Answer:
No
Acct 331-chapter 4 Questions and
Answers (100% Correct Answers)
Already Graded A+
In each of the following independent situations, determine the
taxpayer's filing status and the number of personal and
dependency exemptions the taxpayer is allowed to claim.
© 2025 Assignment
a. Frank is single and supports his 17-year-old brother, Bill. Bill
earned $3,000 and did not live with Frank. Correct Answer:
Single with two exemptions
Guru01 - Stuvia
Expert
b. Geneva and her spouse reside with their son, Steve, who is a
20-year-old undergraduate student at State University. Steve
earned $13,100 at a part-time summer job, but he deposited
this money in a savings account for graduate school. Geneva
paid all of the $12,000 cost of supporting Steve. Correct
Answer: Married filing jointly with three exemptions
Hamish's spouse died last year, and Hamish has not remarried.
Hamish supports his father Reggie, age 78, who lives in a
nursing home and had interest income this year of $2,500.
Correct Answer: Head of household with two exemptions
d. Irene is married but has not seen her spouse since February.
She supports her spouse's 18-year-old child, Dolores, who lives
with Irene. Dolores earned $4,500 this year. Correct Answer:
Head of household with two exemptions.
e. Assume the same facts as in part d. Assume that Craig is
Irene's husband. Craig supports his 12-year-old son Ethan, who
lives with Craig. Ethan did not earn any income. Correct
Answer: Head of household with two exemptions
, 2
The Samsons are trying to determine whether they can claim
their 22-year-old adopted son, Jason, as a dependent. Jason is
currently a full-time student at an out-of-state university.
Jason lived in his parents' home for three months of the year
and he was away at school for the rest of the year. He received
$9,500 in scholarships this year for his outstanding academic
performance and earned $4,800 of income working a part-time
job during the year. The Samsons paid a total of $5,000 to
support Jason while he was away at college. Jason used the
scholarship, the earnings from the part-time job, and the
money from the Samsons as his only sources of support.
© 2025 Assignment
a. Can the Samsons claim Jason as their dependent? Correct
Answer: Yes.
Guru01 - Stuvia
Expert
Relationship: adopted son qualifies.
Age:under age 24 and full-time student.
Residence:temporary absences away at school count as time in
the parents' home.
support:The Samsons provided $5000 of support for Jason.
b. Assume the original facts except that Jason's grandparents,
not the Samsons, provided him with the $5,000 worth of
support. Can the Samsons (Jason's parents) claim Jason as
their dependent? Correct Answer: Yes.
c. Assume the original facts except substitute Jason's
grandparents for his parents. Determine whether Jason's
grandparents can claim Jason as a dependent Correct Answer:
No
