Shawn (53) is unmarried, his two daughters, April (22) and May(19), and his granddaughter Ana lived with her the entire year. May was a full-time student at Your Local Community College, and she received a scholarship that covered the cost of her tuition and related expenses. April was not a student. Ana is April's, daughter. They are all U.S. citizens and have valid social security numbers. Shawn paid a total of $11,700 of the cost of maintaining the home, and April paid $10,300 of the cost of maintaining the home. No one else paid any of their expenses. Shawn’s only income was from wages of $38,350 and interest of $35. Shawn had no foreign income. April’s wages were $17,570; May and Ana had no income and did not contribute towards their own support. April will file her own return and claim Ana as her dependent. Shawn will claim any dependents he is qualified to claim. 1). What is Shawn's correct and most favorable 2020 filing status?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Shawn (53) is unmarried, his two daughters, April (22) and May(19), and his granddaughter Ana lived with her the entire year. May was a full-time student at Your Local Community College, and she received a scholarship that covered the cost of her tuition and related expenses. April was not a student. Ana is April's, daughter. They are all U.S. citizens and have valid social security numbers. Shawn paid a total of $11,700 of the cost of maintaining the home, and April paid $10,300 of the cost of maintaining the home. No one else paid any of their expenses. Shawn’s only income was from wages of $38,350 and interest of $35. Shawn had no foreign income. April’s wages were $17,570; May and Ana had no income and did not contribute towards their own support. April will file her own return and claim Ana as her dependent. Shawn will claim any dependents he is qualified to claim.

1). What is Shawn's correct and most favorable 2020 filing status?

 
 Single.
 Married filing jointly.
 Married filing separately.
 Head of household.
 Qualifying widow(er).

2). What is April's dependency status for Shawn?

 
 Qualifying Child Dependent.
 Qualifying Relative Dependent.
 She is not a dependent of Shawn.

3). What is May's dependency status for Shawn?

 
 Qualifying Child Dependent.
 Qualifying Relative Dependent.
 She is not a dependent of Shawn.
 
 
 
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