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Title: Adam attended college for much of 2010, during which time he was supported by his parents. Erin ... Post by: Augustus1 on Jan 8, 2017 Adam attended college for much of 2010, during which time he was supported by his parents. Erin married Adam in December 2010. They live in a common law state. Adam graduated and commenced work in 2010. Erin worked during 2010 and earned $20,000. Adam's only income was interest of $1,100. Adam's parents are in the 28% tax bracket. Thus, claiming Adam as a dependent would save them $1,022 ($3,650 × .28).
a. What is Erin and Adam's tax liability if they file a joint return? b. What is Erin and Adam's total tax liability if they file separate returns and Adam's parents claim him as a dependent? Title: Re: Adam attended college for much of 2010, during which time he was supported by his parents. Erin ... Post by: Yoko900 on Jan 8, 2017 Content hidden
Title: Re: Adam attended college for much of 2010, during which time he was supported by his parents. Erin ... Post by: Augustus1 on Mar 19, 2017 I needed this so bad, I'm laughing right now from happiness
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