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Mumz [18]
1 year ago
12

samantha died on january 18, 2020. her husband dave lived by himself until he remarried in 2021. what was dave's filing status i

n 2020 and 2021?
Business
1 answer:
Murrr4er [49]1 year ago
3 0

The husband filing status will be registering jointly as a single person in 2020; married in 2021.

<h3>What is the filing status?</h3>
  • According to federal income tax legislation in the United States, a person's filing status affects which tax return form they will submit and plays a significant role in determining their taxable income.
  • Marital status and family circumstances determine filing status.
  • Whether you are married or single will typically define your filing status, and typically your marital status on the last day of the tax year determines your status for the whole year.
  • However, you are regarded as married for that year if your spouse dies away during that time.
  • The three most popular filing statuses on a federal tax return—"single," "married filing jointly," and "head of household"—are among the five available.
  • The most frequently falsely reported status is that of the head of the household.

In the given situation, Samantha's husband's filing status will be:

  • Registering jointly as a single person in 2020; married in 2021.

Therefore, the husband filing status will be registering jointly as a single person in 2020; married in 2021.

Know more about the filing status here:

brainly.com/question/21747089

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Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is​ $1 per​ can,
FinnZ [79.3K]

Answer:

Option (B) is correct.

Explanation:

The utility maximization point for a consumer is as follows:

\frac{MU_x}{P_x}=\frac{MU_y}{P_y}

It is given that,

price of Pepsi(x) =​ $1 per can

price of a hamburger(y) =​ $2

Marginal utility from Pepsi =​ 4

Marginal utility from hamburgers = 6

Hence,

\frac{4}{1}>\frac{6}{2}

4 > 3

Therefore, it can be seen that the consumer's utility is not maximized at this point.

Law of diminishing marginal utility states that as the consumer consumes more and more quantity of goods then as a result the utility obtained from the consumption goes on diminishing.

So, there is a need to increase the quantity of Pepsi consumed and reducing the quantity of hamburgers consumed.

6 0
3 years ago
The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales $ 800,000 Net operating income $ 50,000 Averag
ELEN [110]

Answer:

ROI 87.5%

Explanation:

Return on Investment = return /investment

Total return

50,000 perating income + 20,000 residual income = 70,000 income

The asset could been adquire on lease or through liabilities, this is not investment. The investmetn made is the one done by the shareholders.

Stock Holders equity = investment = 80,000

The shareholders invest this amount to generate

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ROI  70,000/80,000 = 87.5%

7 0
4 years ago
In your initial post, you are to write to either the President (on fiscal policy) or to the Chair of the Federal Reserve (on mon
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Answer:

The existing state of American economy must be declared earlier respondent the interrogation.

The U.S. financial position is vigorous in 2017.The value rate is in its perfect vary i.e., 2.4 (2-3%).Joblessness is at its ordinary proportion and there isn't an excessive amount of rise or decrease. Conversely, the value is predicted to descent to a pair of 2.1% in 2018 and 2.0 in 2019. Drop in value would cause decrease in GDP and growth in state.

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I would not recommend an expansionary economic policy as a result of it increases the rate yet and thus results in situation out.

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Required information Kevan, Jerry, and Dave formed Albee LLC. Jerry and Dave each contributed $245,000 in cash. Kevan contribute
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C: $285,000

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Explanation: check attached file

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Which of the following phrases BEST defines the word import?
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