FALSE. The OSD should not exceed 40% of its gross income. Dondon and Helena were legally separated. They had six minor children, all qualified to be…
2011 Bar Exam · Taxation Law · Question 30 · Multiple choice
The question
FALSE. The OSD should not exceed 40% of its gross income. Dondon and Helena were legally separated. They had six minor children, all qualified to be claimed as additional exemptions for income tax purposes. The court awarded custody of two of the children to Dondon and three to Helena, with Dondon directed to provide full financial support for them as well. The court awarded the 6th child to Dondon's father with Dondon also providing full financial support. Assuming that only Dondon is gainfully employed while Helena is not, for how many children could Dondon claim additional exemptions when he files his income tax return? (2011 Bar Question)
- A.Six children.
- B.Five children.
- C.Three children.
- D.Two children.
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