William, a 42 year old bachelor, pays $450 per month support for his 75-year old...
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Accounting
William, a 42 year old bachelor, pays $450 per month support for his 75-year old mother who is disabled and living in a rest home. She receives a taxable pension of $100 per month and uses the entire $550 per month for routine living expense.
Calculate number of exemptions that could be claimed and the standard deduction that the tax payer is entitled to take in 2019 in the above case.
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