Assignment task: Dependency Exemptions. John and Carole file a joint return and have three children:
Jack, age 23; David, age 20; and Kristen, age 15. All three children live at home the entire year. Below is information about each of the children:
- Jack: graduated from college last year and will start medical school next year. This year, Jack worked sparingly as he studied for the medical school entrance exam, but did earn $5,000. John and Carole provided 80% of Jack's support during the year.
- David: a full-time student at State U., earned $6,400 from a part-time job, and provided 40% of his own support.
- Kristen: a full-time student in high school, had no gross income, and provided none of her own support.
- Based on the above facts, which of the children can be claimed by John and Carole this
- How would your answer to Part a change if Jack began medical school this year?
- How would your answer to Part a change if Jack earned $3,000 rather than $5,000?
- How would your answer to Part a change if David was a part-time student rather than a full-time student?
- How would your answer to Part a change if David provided 60% of his own support rather than 40%?