Larry and Louise Are Both 49 Years of Age and File

question 118

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 $3,900. 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:

Null Hypothesis

A statement positing no relationship or effect between variables, which researchers aim to reject or fail to reject based on evidence.

Population Correlation

A statistical measure that describes the strength and direction of a relationship between two variables across the entire population.

True Population

The true population refers to the entire group of individuals or instances that meet a set of criteria and from which a sample is drawn for research or statistical analysis.

Nominal Level

The simplest form of measurement scale that categorizes data without implying any order among the categories.