In Each of the Following Independent Cases Determine the Total

question 143

Essay

In each of the following independent cases determine the total number of Ivan's dependents. Assume that Ivan is single, 32 years old and any dependency test not mentioned has been met.
a.Ivan provides 80% support of his nephew (age 17), who lives with him. During the year, the nephew has gross income of $4,800 and is a full time student.
b.Ivan provides 60% of the support of his mother. The mother derives the remainder of her support from a pension of $9,300 that was financed 100% by her employer.
c.Ivan provides 60% support of his mother, age 69. His mother received dividend income of $3,350 and Social Security benefits of $8,500.

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Definitions:

Postbox Rule

A legal principle that deems an offer as accepted once the acceptance has been posted, even if it is never received by the offeror.

Electronic Mail

A method of exchanging messages digitally through the internet or other computer networks.

Communication Means

Various methods or systems used to convey information or messages from one person or entity to another.

Binding Contract

An agreement legally recognized and enforceable by law.