Ask Question
BusinessBusiness
28 October, 21:36

For a qualifying relative to be claimed as a dependent, a person must either be related to the taxpayer, or be a member of the taxpayer's household for the entire year. Select the relative who must be part of the taxpayer's household for the entire year. A. Father.

B. Sister.

C. Cousin.

D. Son-in-law

+2
Answers (1)
  1. 28 October, 23:02
    0
    The correct option is (C)

    Explanation:

    To be able to claim somebody as a dependent, the person has to qualify 4 tests. They are:

    Lineal descendant Must live with the taxpayer for more than a year Should be below 19 years or under 24 if a full time student Cannot file return on their own.

    If a person who is not a lineal descendant to be claimed as a dependent needs to be a part of taxpayer's household for 365 days (whole year).

    In this case, taxpayer's cousin is not a lineal descendant. Rest of them (sister, father and son-in-law) are lineal descendants. So, cousin has to stay with the taxpayer for the entire year.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “For a qualifying relative to be claimed as a dependent, a person must either be related to the taxpayer, or be a member of the taxpayer's ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Carl agreed to build a cedar deck for the Thrashers for $7,000. After he began the work, the Thrashers asked him to add cedar flower boxes at one side. Carl replied he would, but it would cost an additional $600.
Answers (1)
Suppose that the United States and Canada both produce only two products, televisions and food. The United States can produce 100 televisions a day, 150 pounds of food a day, or any combination in between.
Answers (1)
Prepaid expenses are eventually expected to become expenses when their future economic value expires. become revenues when services are performed. become expenses in the period when they are paid. become revenues when the liability is no longer owed.
Answers (1)
Mays, Inc. had net income for 2014 of $1,060,000 and earnings per share on common stock of $5. Included in the net income was $150,000 of bond interest expense related to its long-term debt. The income tax rate for 2014 was 30%.
Answers (1)
What role of money allows consumers to compare prices?: A) Medium of Exchange B) Store of value C) Standard of Value D) Divisibility
Answers (1)
New Questions in Business
You should not pursue a career in an industry that has experienced even a small decline in employment growth. True False
Answers (1)
Header Motor, Inc., paid a $3.91 dividend last year. At a constant growth rate of 7 percent, what is the value of the common stock if the investors require a 16 percent rate of return? The value of the common stock is $ nothing.
Answers (1)
Beerbo Corporation purchased Mitter Lite Company three years ago. As a result of the acquisition, Beerbo recorded goodwill of $400,000 at that time and created the Mitter Lite Division (MLD).
Answers (1)
Ashley's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Ashley $4.30 per pound, and type B coffee costs $5.90 per pound. This month, Ashley made 142 pounds of the blend, for a total cost of $749.80.
Answers (1)
Describe a decision you made that wasn't popular and how you handled implementing it for entry level
Answers (1)
Home » Business » For a qualifying relative to be claimed as a dependent, a person must either be related to the taxpayer, or be a member of the taxpayer's household for the entire year.
Sign Up Forgot Password?