Answer Happy

Bob and Jeri are married. Their grandson Colin, whose parents are deceased, is a 21-year old student who lives with them when not at college. His total support for the year was $34,000 (including $8,000 of tuition). Colin covered $12,000 of his support costs out of his own pocket (from savings, he did not work) and he received a $8,000 scholarship that covered tuition costs. His grandparents provided the remainder of his support. a Their number of (if The most beneficial filing status for Bob and Jeri is Their relevant dependent credits are dependents is applicable, also list the amount of the credit in this blank. Write N/A if no credits apply).