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Ben,age 67,and Karla,age 58,have Two Children Who Live with Them

question 124

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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 $4,500.Ben and Karla can claim how many personal and dependency exemptions on their tax return?


Definitions:

Micromanaging

A management style where a supervisor closely observes or controls the work of subordinates or employees, often excessively.

Boomerang Children

Adults who return to live in their parent's home after a period of independence, often due to economic reasons.

Middle-Class Lifestyle

A standard of living typically associated with the middle class that includes a comfortable level of income, security, and amenities.

Empty Nest

The stage in a parent's life when their children have left home to live independently.

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