Week 2 Discussion

.docx
School
Strayer University **We aren't endorsed by this school
Course
ACC 307
Subject
Accounting
Date
Nov 16, 2023
Pages
1
Uploaded by LexyLu18 on coursehero.com
Week 2 Discussion Hey Everyone, Since the parents provide more than half of their son's income, he is a full- time student, and under the age of 24, they can file him as a dependent. His mother can also be claimed as a dependent since she is considered a qualifying relative. Since they each make under 150,000 a year, they would benefit from filing "married filing jointly." Generally, married filing jointly provides the most beneficial tax outcome for couples because some deductions and credits are reduced or unavailable to married couples filing separate returns.
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Uploaded by LexyLu18 on coursehero.com