Will (20) is a full-time student who has lived with his aunt, Katy (45), for...

70.2K

Verified Solution

Question

Accounting

Will (20) is a full-time student who has lived with his aunt, Katy (45), for the past six years. Both are unmarried and are U.S. citizens. In the current tax year, Will earned $6,500 from a part-time job. His aunt pays the full cost of maintaining the household and contributed $8,000 of Will's support. Will received no support from any other source. Will spent all of his wages on his car and on entertainment and meals away from home. For dependency, what is Will's tax relationship to Katy? Qualifying child. Qualifying relative. Not enough information is given to make this determination. No tax relationship.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students