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Rosa Is a Single Parent Who Maintains a Home in Durham

question 26

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Rosa is a single parent who maintains a home in Durham in which she and her 16-year-old daughter reside.She also provides most of the support for her son,Carmelo,age 25,who is a full-time student at Duke Law School,lives at home,and earns $3,500 as a part-time waiter at a local diner.How many personal and dependency exemptions can Rosa claim?


Definitions:

Sales

The total amount of revenue generated from selling goods or services over a specific period.

February

This month falls second in the Gregorian calendar lineup, featuring 28 days in typical years and 29 in those considered leap years.

Administrative Expense

Costs related to the general operation of a company, such as salaries of executive officers and costs associated with the corporate office.

Selling Expense

Costs incurred directly from the selling of products or services, such as commissions and advertising costs.

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