Millie,age 80,is Supported During the Current Year as Follows

question 138

Multiple Choice

Millie,age 80,is supported during the current year as follows:
Percent of Support
Weston (a son)
20%
Faith (a daughter)
35%
Jake (a cousin)
25%
Brayden (unrelated close family friend)
20%
During the year,Millie lives in an assisted living facility.Under a multiple support agreement,indicate which parties can qualify to claim Millie as a dependent.

• A)Weston and Faith.
• B)Faith.
• C)Weston,Faith,Jake,and Brayden.
• D)Faith,Jake,and Brayden.
• E)None of these.

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Definitions:

Normative Statement

An opinion or judgment that suggests how things should be, rather than stating factual or objective observations.

Government Spending

The total amount of money that the government expends on public services and projects, such as infrastructure and defense.

Macroeconomist

An economist who studies and analyzes large-scale economic phenomena, including inflation, unemployment, and economic growth.

Opportunity Cost

The benefit that is missed or foregone when choosing one alternative over another.