Which of the following is not allowed as a personal or dependency exemption?
A) Yourself
B) Your 26-year-old child, who lives at home and earns $27,000 a year
C) Your spouse, if you're filing a joint return
D) Your 75-year-old grandfather, whom you financially support
Answer: B
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From the company's perspective, a quality corporate image enhances the introduction of a new product because:
A) the company can charge a lower price for the new product B) a new distribution channel can be established C) customers normally transfer their trust in and beliefs about the corporation to a new product D) the competition does not know how to respond
Most asset-based loans are financed against inventory and less often against accounts receivable.
Answer the following statement true (T) or false (F)
A hotel owner may be strictly liable for any loss or damage to their guests' personal property.?
Indicate whether the statement is true or false
In In re Darby Darby had filed for Chapter 13 bankruptcy. The cable company refused to provide him service despite his promise of future payments. The appeals court held that:
a. cable service is not a necessity so Time Warner is exempt from the bankruptcy code b. cable service is a necessity so Time Warner had to provide it under the bankruptcy code c. cable service is not a necessity, but Time Warner still had a duty to provide it since Darby had properly declared bankruptcy d. cable service is a necessity, but is not covered by the bankruptcy code e. cable service is an example of long-term, secured debt and Time Warner was wrong to deny it to Darby