Adam Attended College for Much of 2015,during Which Time He

question 52

Essay

Adam attended college for much of 2015,during which time he was supported by his parents.Erin married Adam in December 2015.They live in a common law state.Adam graduated and will commence work in January 2016.Erin worked during 2015 and earned $20,000.Adam's only income was interest of $1,100.Adam's parents are in the 28% tax bracket.Thus,claiming Adam as a dependent would save them $1,120 ($4,000 × .28).
a.What is Erin and Adam's tax liability if they file a joint return?
b.What is Erin and Adam's total tax liability if they file separate returns and Adam's parents claim him as a dependent?

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Definitions:

Brain Damage

Physical harm or injury to the brain tissue that can result in impairment or loss of function.

Segregating

The act of separating or setting apart from others or from the main body or group.

Perceptual Parsing

The process by which the perceptual system segments and organizes sensory input into meaningful units or objects.

Stimulus

Any external or internal factor that influences an organism's behaviour or physiological reactions.