Larry and Louise Are Both 49 Years of Age and File

question 30

Multiple Choice

Larry and Louise are both 49 years of age and file a joint return.They provide all of the support for their son,Dylan,who is 20 years old and is at home until he gets called into the army.His income at part-time jobs is $4,500.Their daughter,Phyllis,is a 23-year-old full-time student at State University.She lived at school 9 months and provided two thirds of her own support with a summer job.How many personal and dependency exemptions can Larry and Louise claim on their income tax return?

• A)1
• B)2
• C)3
• D)4

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Definitions:

Outermost Shell

Refers to the outermost layer of electrons surrounding an atomic nucleus.

Atomic Number

The atomic number is the number of protons found in the nucleus of an atom, determining the chemical properties of the element and its place in the periodic table.

Electrons

Subatomic particles with a negative charge, found orbiting the nucleus of an atom.

Net Charge

The total electrical charge of an atom or molecule resulting from the gain or loss of electrons.