Business, 22.02.2021 19:10 cheermom2000

Jane is 20 years old and is a sophomore at Lake University. She is a full-time student and does not have any gross income. Jane spends the holidays and summers at home with her parents. Her total support for the current tax year is $30,000, including a scholarship for $5,000 to cover her tuition. Jane used $12,000 of her savings, and her grandparents provided $13,000. Which of the following statements regarding the dependency rules for Jane is true? a. If Janeâ€™s parents (rather than her grandparents) provided the $13,000, then they would not be able to claim Jane as a dependent because Jane provided more than half of her own support.
b. Janeâ€™s grandparents can claim her as a dependent because Jane did not provide more than half of her own support.
c. Janeâ€™s grandparents cannot claim her as a dependent because Jane provided more than half of her own support.
d. Jane is no oneâ€™s dependent because she provided more than half of her own support.

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Jane is 20 years old and is a sophomore at Lake University. She is a full-time student and does not...