1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mafiozo [28]
3 years ago
8

Bob was married to Sandy, and they have a 12-year-old son. Sandy passed away last year. Bob needs to complete his federal income

taxes for the year. What filing status could he use for 2 years after the death of his spouse
Business
1 answer:
lukranit [14]3 years ago
6 0

Answer:

Qualifying widower with a dependent child

Explanation:

By filing as a widower with dependent child (the child is a necessary qualification requirement), Bob can use the same tax bracket and retain the same benefits as filing as married. This means that his income will be taxed at a lower rate than if he had filed as single, and he will obtain the same deduction as a married couple (twice the deduction for a single filer).

You might be interested in
Crystal lives in the fictional country of Cuse, which raises government revenue by taxing everyone the same amount. The governme
Inessa05 [86]

Answer: $0; $0

Explanation:

New classical economists believe that any fiscal policy that the government embarks on is ineffective on the goods demanded by people.

If the government reduces taxes, Crystal (according to the New classical) will believe that the government will raise taxes in future to make up for the shortfall so she will send the $2,500 to savings so she can be able to pay off the future taxes.

If the government increases spending, Crystal will believe that this will be financed by future tax increases so she will still save the money to pay off future taxes.

5 0
3 years ago
Cindy, who is self-employed, maintains an office in her home that comprises 24% (290 square feet) of total floor space. Gross in
ZanzabumX [31]

Answer:

The correct answer for regular method is $2,514 and for simplified method is $1,450.

Explanation:

According to the scenario, the computation of the given data are as follows:

Regular Method:

Total home deduction = ( Real property taxes × 24%) + ( Interest on mortgage × 24%) + (Operating expenses × 24%) + ( Depreciation )

So, by putting the value, we get

Total home deduction = ( $2,400 × 24%) + ( $4,000 × 24%) + ($2,200 × 24%) + ( $450 )

= $576 + $960 + $528 + $450

= $2,514

Simplified Method:

According to simplified method, the maximum deduction per square ft. can be $5.

So, Home deduction = $5 × 290 Sq. ft.

= $1,450.

6 0
4 years ago
Under process model, organizational effectiveness is portrayed by having internal conflict where information flows easily both h
andreev551 [17]

Answer:

True

Explanation:

The process model is a model that represents the work flow for achieving the company goals and objectives

In the process model, the effectiveness of an organization would be portrayed by the conflict that occurs internally. It could be the situation when the flow of the information is in a horizontal way and in a vertical way and the functioning of the operations internally is quite smooth and works with trust towards individuals

Therefore the given statement is true

8 0
3 years ago
1. Which of the following BEST defines a down payment?
IrinaK [193]

Answer:

3

Explanation:

It has to be this one because it is intial payment to help someone.

4 0
3 years ago
The cost of a product warranty should be included as an expense in the
Lady_Fox [76]

Answer:

period of the sale of the product.

Explanation:

As we know that  

When we purchase the product in most cases the product warranty comes along with it  

So if there is a case of damage or repair than it would be replaced with the new product

Plus the cost of the product warranty should be included as an expense in the period when the product is sold as it is attached to the product and the same is charged by the customer

8 0
3 years ago
Other questions:
  • Which type of custom report shows a static sortable table with rows of data?
    7·1 answer
  • Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Michael Mirer worked for Dawson Company for six months t
    5·1 answer
  • Chloe’s Café sells gourmet cinnamon rolls. In the long run, the café incurs a total cost of $500 to produce 1,000 cinnamon rolls
    10·1 answer
  • The additional dining space will occupy space next to Olaf’s that was recently rented to a tenant. By claiming the space for the
    13·1 answer
  • An economic system based on open competition in a free market, in which individuals and companies own the means of production an
    7·1 answer
  • On January 1, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, the cost of the availab
    8·1 answer
  • The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as fo
    12·1 answer
  • What is legislative ​
    8·2 answers
  • Raleigh Department Store uses the conventional retail method for the year ended December 31, 2019. Available information follows
    8·1 answer
  • ________ for forecasting relies on the assumption that underlying relationships in the past will continue into the future, resul
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!