Mr and Mrs

question 70

Multiple Choice

Mr. and Mrs. Jelk file a joint return. They provide 65% of the financial support for David, the 14-year old son of a friend who died three years ago. David lives in the home of his aunt Sarah, who provides 35% of his financial support. Which of the following statements is true?

• A) David is a qualifying child of the Jelks.
• B) If David earns less than $3,800 gross income this year, he is a qualifying child of the Jelks.
• C) If David earns less than $3,800 gross income this year, he is a qualifying relative of the Jelks.
• D) David is neither a qualifying child nor a qualifying relative of the Jelks.

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Definitions:

Big Corporations

Large and influential companies that have significant control over their respective markets, often playing a crucial role in economic and political issues.

Wall Street Investors

refers to individuals or entities engaging in the purchase and sale of financial instruments such as stocks, bonds, and other securities within the financial markets based in the Wall Street area of New York City.

Homestead Act

A United States federal law passed in 1862 that allowed American adults to claim 160 acres of public land after living on and cultivating it for five years.

Southern Opposition

Resistance or dissent specific to the southern region of the United States, often in the context of historical events like the Civil War, civil rights movement, or political ideologies.