Examlex

Solved

Ben, Age 67, and Karla, Age 58, Have Two Children

question 119

Multiple Choice

Ben, age 67, and Karla, age 58, have two children who live with them and for whom they provide total support. Their daughter is 21 years old, blind, is not a full- time student and has no income. Her twin brother is 21 years old, has good sight, is a full- time student and has income of $4,800. Which of the following statements is correct regarding Ben and Karla's ability to claim the twins as dependents?


Definitions:

Legal Framework

The system of rules, regulations, and principles that govern behaviors, activities, and operations within a society or organization.

Union Wage Premium

The difference in wages between workers who are union members and those who are not, typically showing higher wages for unionized workers.

Mainstream Economics

A body of economic thought or theories that are widely accepted and taught as the dominant or conventional approach to economic analysis.

Artificially High

A condition where prices or values are elevated above natural market levels due to external interventions or manipulations.

Related Questions