In meeting the gross income test for claiming his father as a dependent, James must consider the income received by his father. This income included gross rents of $3,000 (expenses were $2,000), municipal bond interest of $1,000, dividends of $1,500, and Social Security of $4,000. What is James' father's gross income for the qualifying relative test purposes in 2019

Explanation:

In 2019, the gross income test is an official order that all dependents have no right to earn more than a given amount of income each year which is ($4200).

To compute the gross income for James Father, we have:

Description                                 Amount

Gross income for rents              $3000

Municipal Bond Interest               0

Dividend Income                        $1500

Social Security:                              0

(since social security is exempted from the gross-income dependency test;

The total gross income =           $4500

Thus, the gross income for James Father is $4500 as such he is not qualified to be dependent.

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