Emily provides 20% of her own support. She has 4 children,daughters Kelly and Lisa. Twin sons Matt and Will who provide thebalance of her support. For the last year Kelly provided 40%, Lisa20%, Matt 12% and Will 8% of Emily's support. Kelly and Lisa filejoint returns with their spouses. Matt files as a head ofhousehold, and Will files as a single taxpayer. Taxable income lastyear as reported on their returns was $50,000 for Kelly, $38,000for Lisa, $50,000 for Matt, and $50,000 for Will. The four siblingscome to you on April 1 of this year and inquire about a multiplesupport agreement. Moreover, if one is able to claim Emily as adependent, they want you to determine which individual to choose tomaximize savings. Which of the following matches the advice you arelikely to give to to Kelly, Lisa, Matt, and Will?
Must be party toagreement Should claim exemption
A. Kelly, Lisa, Matt,Will Will
B. Kelly & Lisa, or Kelly &Matt Kelly
C. Kelly, Lisa,Matt Matt
D. Kelly, Lisa,Matt Kelly
E. None of these
Emily provides 20% of her own support. She has 4 children,daughters Kelly and Lisa. Twin sons Matt and Will who provide thebalance of her support. For the last year Kelly provided 40%, Lisa20%, Matt 12% and Will 8% of Emily's support. Kelly and Lisa filejoint returns with their spouses. Matt files as a head ofhousehold, and Will files as a single taxpayer. Taxable income lastyear as reported on their returns was $50,000 for Kelly, $38,000for Lisa, $50,000 for Matt, and $50,000 for Will. The four siblingscome to you on April 1 of this year and inquire about a multiplesupport agreement. Moreover, if one is able to claim Emily as adependent, they want you to determine which individual to choose tomaximize savings. Which of the following matches the advice you arelikely to give to to Kelly, Lisa, Matt, and Will?
Must be party toagreement Should claim exemption
A. Kelly, Lisa, Matt,Will Will
B. Kelly & Lisa, or Kelly &Matt Kelly
C. Kelly, Lisa,Matt Matt
D. Kelly, Lisa,Matt Kelly
E. None of these
