1. Which of the following statements is correct? A. Bill must claim 0 exemptions

Question

1. Which of the following statements is correct? A. Bill must claim 0 exemptions, because his income is less than $10,000. B. Bill must claim 0 exemptions, because his parents can claim him as a dependent on their tax return. C. Bill can claim 1 exemption, because he had earned income. D. Bill can claim 1 exemption, because his parents have decided not to claim him. 1. Which of the following statements is correct? A. Bill must claim 0 exemptions, because his income is less than $10,000. B. Bill must claim 0 exemptions, because his parents can claim him as a dependent on their tax return. C. Bill can claim 1 exemption, because he had earned income. D. Bill can claim 1 exemption, because his parents have decided not to claim him.

Explanation / Answer

Statement that Bill must claim 0 exemptions, because his parents can claim him as a dependent on their tax return is correct. Thus answer will be B.

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