Let's say that X is the amount of money which constitutes more than half of her annual income. Her annual income is irrelevant with respect to the support test. What's important is how much is spent on her support, and who pays more than 50% of that amount. For example, let's say that her only source of income is Social Security which is not included in her gross income. If she banks 90% of that and spends 10% on her support, only the 10% is used in calculating the support test.TMF ExROPhil Marti
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra