Kyle and Liza Are Married and Under 65 Years of Age

Multiple Choice

Kyle and Liza are married and under 65 years of age. During 2017, they furnish more than half of the support of their 19-year old daughter, May, who lives with them. She graduated from high school in May 2016. May earns $15,000 from a part-time job, most of which she sets aside for future college expenses. Kyle and Liza also provide more than half of the support of Kyle's cousin who lives with them. Liza's father, who died on January 3, 2017, at age 90, has for many years qualified as their dependent. How many personal and dependency exemptions should Kyle and Liza claim?

A) Two
B) Three
C) Four
D) Five
E) None of these