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The Hutters filed a joint return for 2018. They provide more than 50% of the support of Carla, Ellie, and Aaron. Carla (age 18) is a cousin and earns $2,800 from a part-time job. Ellie (age 25) is their daughter and is a full-time law student. She received a $7,500 scholarship for tuition from her law school. Aaron is a brother who is a citizen of Israel but resides in France. Carla and Ellie live with the Hutters. How many dependents can the Hutters claim?
Joint Operations
A business activity in which two or more parties share control and management, as well as the benefits and risks of the operation.
Joint Arrangements
Accounting term for arrangements between two or more parties who undertake an economic activity that is subject to joint control.
Equal Interests
A term usually indicating that all parties involved have the same level of stake or share in an asset, liability, or agreement.
Joint Control
The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.
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