Dependency exemptions should jared and angela claim


Jared and Angela are married and under 65 years of age. During 2005, they furnish more than half of the support of their 18-year old son, Adam. Adam earns $7,500 from a part-time job, most of which he sets aside for future college expenses. During 2005, they also furnish more than half of the support of their 25-year old son, Aaron, who is a full-time college student. Aaron earns $4,500 from a part-time job, most of which he currently spends for college expenses. Jared and Angela also provide more than half of the support of Jared's cousin who lives with them for the entire year. How many personal and dependency exemptions should Jared and Angela claim?

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Accounting Basics: Dependency exemptions should jared and angela claim
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