John Supports Kevin,his Cousin,who Lived with Him Throughout 2019

question 71

Multiple Choice

John supports Kevin,his cousin,who lived with him throughout 2019.John also supports three other individuals who do not live with him: Donna,who is John's mother
Melissa,who John's stepsister
Morris,who is John's cousin
Assume that Donna,Melissa,Morris,and Kevin each earn less than $4,200.How many dependents can John claim?

• A)1
• B)2
• C)3
• D)4

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Definitions:

Debtor

An individual or entity that owes money to another; the opposite party in these transactions is known as a creditor.

Mortgagor

The borrower in a mortgage agreement, who pledges the property as security for the repayment of the loan.

Mortgagee

The lender in a mortgage agreement, typically a bank or financial institution, that has the legal rights to the property as security for the loan provided.

Further Loan

Additional borrowing extended on top of an existing loan, often to supplement initial financing.