Alice, age 58, is single. She owns her home and provided all the costs of keeping up her homefor the entire year. Her only income for 2022 was $46,000 in W-2 wages.Linda, age 24, and her daughter Nancy, age 4, moved in with Linda's mother, Alice, after sheseparated from her spouse in April of 2020. Linda's only income for 2022 was $25,000 inwages. Linda provided over half of her own support. Nancy did not provide more than half ofher own support.Linda will not file a joint return with her spouse.All individuals in the household are U.S. citizens with valid Social Security numbers. No onehas a disability. They lived in the United States all year.For the purpose of determining dependency, Nancy could be the qualifying child ofOnly Alice b. Only Linda c. Either Alice or Linda d. Neither Alice nor Linda10. Linda is not eligible to claim Nancy for the earned income credit because her filing status isMarried Filing Separate.a. Trueb. False

Dependent Child: Any child for which more than half of the expenses are provided by the parents is…

Answered: Alice, age 58, is single. She owns her…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Alice, age 58, is single. She owns her home and provided all the costs of keeping up her home
for the entire year. Her only income for 2022 was $46,000 in W-2 wages.
Linda, age 24, and her daughter Nancy, age 4, moved in with Linda's mother, Alice, after she
separated from her spouse in April of 2020. Linda's only income for 2022 was $25,000 in
wages. Linda provided over half of her own support. Nancy did not provide more than half of
her own support.
Linda will not file a joint return with her spouse.
All individuals in the household are U.S. citizens with valid Social Security numbers. No one
has a disability. They lived in the United States all year.

For the purpose of determining dependency, Nancy could be the qualifying child ofOnly Alice

b. Only Linda

c. Either Alice or Linda

d. Neither Alice nor Linda
10. Linda is not eligible to claim Nancy for the earned income credit because her filing status is
Married Filing Separate.
a. True
b. False

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