58 - dependent. The fact that Mimi earned $4,000 does not...

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Mimi is 22 years old and is a full-time student at Ocean County Community College. She lives with her parents who provide all of her support. During the summer she put her Web design skills to work and earned $4,000. Can Mimi’s parents claim her as a dependent on their joint tax return? Why or why not? Assume that all five tests under qualifying child were met. Answer: All of the dependency tests are met by Mimi’s parents, so they can claim her as a
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Unformatted text preview: dependent. The fact that Mimi earned $4,000 does not matter since Mimi is under age 24 and she was a full-time student at a qualifying educational institution. Thus, the gross income test is not necessary for a qualifying child as long as Mimi does not provide more than half of her support....
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This note was uploaded on 09/16/2011 for the course ACCT 145 taught by Professor Eric during the Spring '11 term at Palm Beach Community College.

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