All of the following Iowa residents qualify for the low-income exemption EXCEPT:
Zoe (28), a single taxpayer, has net income from all sources of $9,900 and is not claimed as a dependent on her parents' return.
Julianna (18), a single taxpayer, has net income from all sources of $4,700 and is claimed as a dependent on her parents' return.
Jerry (45) and Ann (42), a married couple filing jointly, have net income from all sources of $13,000 and are not claimed as dependents on anyone else's return.
Luther (65), a single taxpayer, has net income from all sources of $21,000 and is not claimed as a dependent on anyone else's return.
Conditions for Single to qualify for the low income exemption are as follows:-
(a) Your net income from all sources is $9,000 or less
(b) and you are not claimed as a dependent on another person's Iowa return.
Hence, Zoe (28), a single taxpayer, has net income from all sources of $9,900 and is not claimed as a dependent on her parents' return is not qualify for the low-income exemption.
Correct answer is option 1 .( i.e. Zoe (28), a single taxpayer, has net income from all sources of $9,900 and is not claimed as a dependent on her parents' return. )
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