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almond37 [142]
3 years ago
5

Jan is unmarried and has no children, but she provides all of the financial support for her mother, who lives in an apartment ac

ross town. Jan's mother qualifies as Jan's dependent. Which is the most advantageous filing status available to Jan?
A. Single

B. Head of household

C. Qualifying individual

D. Surviving single
Business
1 answer:
Morgarella [4.7K]3 years ago
7 0

Answer:

B. Head of household

Explanation:

Head of household is one of the filing status for taxes in the United States that has advantage of wider tax bracket and larger standard deduction. The following criteria is needed to file as head of household:

- should be unmarried by end of year

- maintaining their own residence or residence of parent

In this instance Jan will be able to file for head of household if she maintains a sperate residence for her mother and she is a dependent.

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1) Household spending on goods and services is known as A) consumption spending. B) planned investment spending. C) government p
Levart [38]

Household spending on goods and services is known as consumption spending.

Explanation:

Consumption spending is the purchasing of goods and services by individuals or families. At the macroeconomic point, it is the bulk of aggregate demand. Household spending is the amount resident households pay for end-consumption spending to meet their daily needs.

Consumer spending is the overall money that individuals and households spend on the final goods and services for personal use and pleasure in an economy. Consumer spending is a major economic driving factor and a central principle in economic theory.

5 0
2 years ago
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $154,000 and a balance in retained earnings of
professor190 [17]

Answer and Explanation:

The preparation of the statement of the stockholder equity and balance sheet would be shown in the attachment below:

The formulas for ending retained earning balance and stockholder equity  is

Ending retained earnings = Opening retained earnings + net income - dividend paid

And, the ending equity is

= Opening equity + additional shares

The same would be shown in the attachment

4 0
2 years ago
Kirby just inherited $250,000. He would like to hire a financial advisor to provide financial advice and to manage the inheritan
Blababa [14]

Answer:

The answer is A.

Explanation:

According to the details given in the question on the two financial advisor's approach, the first advisor does not request a payment but a commission on the funds purchased with the inheritance money. The second advisor does request payment for the job and also a share on the assets managed with the inheritance money.

If Kirby wants to minimize the upfront expenses which can be described as the sum that is paid before a service or a job is done, then the first advisor is the better option. So the answer is A.

I hope this answer helps.

5 0
3 years ago
Adam was explaining security procedures to new interns at his firm. It was difficult for the interns to understand what Adam was
RSB [31]

Incomplete question. The options;

A) Incorporate activities that directly involve the audience.

B) Explain how the information will help the audience.

C) Avoid jargon.

D) Compare unfamiliar concepts to familiar concepts.

Answer:

<u>C) Avoid jargon.</u>

Explanation:

Note, the term <em>"jargon"</em> basically refers to the use of highly complex or technical language in communication.

In this scenario, we observed that Adam did not take into consideration that the interns were<em> unfamiliar</em> with the complex terms he was using. Hence, an effective strategy he could have used in the above situation was to totally avoid the use of jargon in his communication with the interns.

5 0
3 years ago
Grason Corporation is preparing a budgeted balance sheet for 2018. The retained earnings balance at December 31, 2017 was $533,5
olga nikolaevna [1]

Answer:

D. $605,500

Explanation:

The computation of the expected balance in retained earnings on the 2018 is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $533,500 + $112,000 - $40,000

= $605,500

We simply applied the above formula so that the ending balance could arrive by considering all the items given in the question  

3 0
3 years ago
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