The Samsons are trying to determine whether they can claim their 22-year-old adopted son, Jason, as a dependent. Jason is currently a full-time student at an out-of-state university. Jason lived in his parents' home for three months of the year, and he was away at school for the rest of the year. He received $9,650 in scholarships this year for his outstanding academic performance and earned $4,890 of income working a part-time job during the year. The Samsons paid a total of $5,120 to support Jason while he was away at college. Jason used the scholarship, the earnings from the part-time job, and the money from the Samsons as his only sources of support. Required: a. Can the Samsons claim Jason as their dependent? b. Assume the original facts except that Jason's grandparents, not the Samsons, provided Jason with the $5,120 worth of support. Can the Samsons (Jason's parents) claim Jason as their dependent? c. Assume the original facts except substitute Jason's grandparents for his parents. Determine whether Jason's grandparents can claim Jason as a dependent. d. Assume the original facts except that Jason earned $5,590 while working part-time and used this amount for his support. Can the Samsons claim Jason as their dependent?
The Samsons are trying to determine whether they can claim their 22-year-old adopted son, Jason, as a dependent. Jason is currently a full-time student at an out-of-state university. Jason lived in his parents' home for three months of the year, and he was away at school for the rest of the year. He received $9,650 in scholarships this year for his outstanding academic performance and earned $4,890 of income working a part-time job during the year. The Samsons paid a total of $5,120 to support Jason while he was away at college. Jason used the scholarship, the earnings from the part-time job, and the money from the Samsons as his only sources of support. Required: a. Can the Samsons claim Jason as their dependent? b. Assume the original facts except that Jason's grandparents, not the Samsons, provided Jason with the $5,120 worth of support. Can the Samsons (Jason's parents) claim Jason as their dependent? c. Assume the original facts except substitute Jason's grandparents for his parents. Determine whether Jason's grandparents can claim Jason as a dependent. d. Assume the original facts except that Jason earned $5,590 while working part-time and used this amount for his support. Can the Samsons claim Jason as their dependent?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Samsons are trying to determine whether they can claim their 22-year-old adopted son, Jason, as a dependent. Jason is
currently a full-time student at an out-of-state university. Jason lived in his parents' home for three months of the year, and he
was away at school for the rest of the year. He received $9,650 in scholarships this year for his outstanding academic
performance and earned $4,890 of income working a part-time job during the year. The Samsons paid a total of $5,120 to
support Jason while he was away at college. Jason used the scholarship, the earnings from the part-time job, and the money
from the Samsons as his only sources of support.
Required:
a. Can the Samsons claim Jason as their dependent?
b. Assume the original facts except that Jason's grandparents, not the Samsons, provided Jason with the $5,120 worth of
support. Can the Samsons (Jason's parents) claim Jason as their dependent?
c. Assume the original facts except substitute Jason's grandparents for his parents. Determine whether Jason's grandparents
can claim Jason as a dependent.
d. Assume the original facts except that Jason earned $5,590 while working part-time and used this amount for his support. Can
the Samsons claim Jason as their dependent?
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