Tracy is 40 years old, single, and U.S. citizen with a valid Social Security number. She has a filing requirement Tracy tells you she has chosen not to claim her son. Chris, as a dependent so he can get a higher refund. During the interview with Tracy, you determine the following facts Tracy’s son Chris, age 19. is unmarried and was a full-time student during 2016 Chris’ income was $6, 500 in wages He does not provide more than half his own support. Chris lived with Tracy all year. Chris is a U S. citizen with a valid Social Security number How should you advise Tracy and Chris? Chris can claim 1 exemption, because he had earned income. Chris can claim 1 exemption, because Tracy has decided not to claim him Chris cannot claim his own exemption because his income was less than $10,000. Chris cannot claim his own exemption because Tracy can claim him as a dependent on her tax return. Using Publication 4012. Who Must File tab. Chart B. is Chris required to file a tax return? Yes NOShow transcribed image text Tracy is 40 years old, single, and U.S. citizen with a valid Social Security number. She has a filing requirement Tracy tells you she has chosen not to claim her son. Chris, as a dependent so he can get a higher refund. During the interview with Tracy, you determine the following facts Tracy’s son Chris, age 19. is unmarried and was a full-time student during 2016 Chris’ income was $6, 500 in wages He does not provide more than half his own support. Chris lived with Tracy all year. Chris is a U S. citizen with a valid Social Security number How should you advise Tracy and Chris? Chris can claim 1 exemption, because he had earned income. Chris can claim 1 exemption, because Tracy has decided not to claim him Chris cannot claim his own exemption because his income was less than $10,000. Chris cannot claim his own exemption because Tracy can claim him as a dependent on her tax return. Using Publication 4012. Who Must File tab. Chart B. is Chris required to file a tax return? Yes NO
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."
