McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 37

Dean Kastner is 78 years old and lives by himself in an apartment in Chicago.Dean's gross income for the year is $2,500.Dean's support is provided as follows: Himself (5%), his daughters Camille (25%) and Rachel (30%), his son Zander (5%), his friend Frankie (15%), and his niece Sharon (20%).Absent a multiple support agreement, of the parties mentioned in the problem, who may claim a dependency exemption for Dean as a qualifying relative? Under a multiple support agreement, who is eligible to claim a dependency exemption for Dean as a qualifying relative? Explain.