Asked by Kaitlynn Whitworth on Jun 10, 2024
Verified
Elisa is 21 years of age and a full-time student living with her parents.She had wages of $680 ($75 of income tax withholding) for 2017.Can Elisa claim her exemption on her return even though her parents will claim her as a dependent on their tax return?
A) Elisa and her parents can both claim the exemption.
B) No one can claim the exemption for Elisa.
C) Yes,Elisa can claim the exemption.
D) No,Elisa cannot claim the exemption.
Personal Exemption
A specific amount that taxpayers could deduct from their taxable income for themselves and their dependents, applicable in tax years before 2018.
Income Tax Withholding
The practice of deducting income tax from an employee's gross pay on behalf of the government, reducing the amount the employee takes home.
- Acquire knowledge of the conditions and rewards tied to dependency and personal exemptions.
Verified Answer
SM
salaheldin MohammedJun 16, 2024
Final Answer :
D
Explanation :
If Elisa's parents will claim her as a dependent on their tax return, she cannot claim her personal exemption on her own return. Since she is claimed as a dependent on someone else's return, she is not eligible to claim her own exemption.
Learning Objectives
- Acquire knowledge of the conditions and rewards tied to dependency and personal exemptions.