Simone and Fillmore Were Divorced Last Year

question 74

Multiple Choice

Simone and Fillmore were divorced last year.Fillmore has custody of their two children.Simone pays $9,600 in child support payments during the current year.The total cost of supporting the children is $12,500.Fillmore and Simone do not have any special agreement about dependency exemptions.How many total exemptions may Simone claim for the current year?

• A)0
• B)1
• C)2
• D)3
• E)4

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Definitions:

Revocation

The act of withdrawing, canceling, or repealing a statement, offer, or privilege, which can pertain to legal contracts, licenses, or wills.

Acceptance

In contract law, the agreement by a party to the terms of an offer, forming a contract.

Capacity

In legal terms, the ability to understand the nature and effects of one's actions, specifically in forming contracts or executing wills.

Assignable

Refers to the capability of transferring rights or interests in a contract or financial instrument to another party.