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Oksanka [162]
3 years ago
15

Aiden and Sophia are married and they have always filed Married Filing Jointly. Aiden died May 5, 2020 at the age of 58. Sophia,

age 56, has not remarried. Aiden earned $5,000 in wages and Sophia earned $51,000 in wages. Sophia paid all the cost of keeping up a home and provided all the support for their two children, Mia and Oliver, who lived with them all year. Mia is 11 years old and Oliver is 15 years old. Sophia does not have enough deductions to itemize, but she did make a $500 cash charitable contribution to a qualified charitable organization in tax year 2020. Aiden, Sophia, Mia, and Oliver are all U.S. citizens with valid Social Security numbers. 5. What is most advantageous filing status allowable that Sophia can claim on the tax return for tax year 2020
Business
1 answer:
olga55 [171]3 years ago
6 0

Answer:

Married filing jointly

Explanation:

Since Sophia is a widow and did not remarry during 2020, she can still file as married filing jointly. She can do that for up to two years after her spouse (Aiden) died, as long as she doesn't remarry.

The standard deduction for married filing jointly is $24,800 for 2020, which is much higher than single filers or heads of household.

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Janine buys swimwear for a chain of apparel stores. At a recent trade show, she took the opportunity to meet with a few vendors.
Rama09 [41]

Answer:

B. inform her divisional merchandiser manager of the proposal

Explanation:

Since in the question it is mentioned that the Janine buys from each season also she knows that this thing would become benefiical what European tourists are wearing and applying this in an assortment for the customers that are targeted

So before discussion with the vendor first she reports the divisional merchandiser manager regarding this proposal

3 0
3 years ago
At the beginning of the current year, Snell Co. total assets were $264,000 and its total liabilities were $182,200. During the y
larisa [96]

Answer:

The company's debt ratio at the end of the current year is 66%

Explanation:

For computing the debt ratio, we need to apply the formula which is shown below:

Debt ratio = (Total liabilities) ÷ (total assets) × 100

                = ($182,200 ÷ $276,000) × 100

                = 66%

The other information which are given in the question is of no use. That's why we do not consider it. Hence, ignored it.  

7 0
3 years ago
What is one way investment consultants protect their clients’ money during periodic performance reviews?
mixas84 [53]

Answer:

Investment consultants check that the portfolio manager's performance was based on skill investing in the agreed-upon stocks or sectors

Explanation:

because it is

6 0
3 years ago
Jinnah Company applies overhead on the basis of 200% of direct labor cost. Job No. 501 is charged with $180,000 of direct materi
Strike441 [17]

Answer:

The correct answer is $540,000

good luck

3 0
3 years ago
A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The
Tomtit [17]

Answer:

The correct answer is: neither the first nor the second would promote growth.

Explanation:

A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The first is to increase barriers to trade.The second is to restrict foreign portfolio investment.Which of these policies would most economist think would promote growth

One of the main statistical indicators used to measure the economic evolution of a country is the Gross Domestic Product (GDP). In the macroeconomic analysis of any State, the interpretation of this value is essential to know the degree of economic development and its trends.

The weak growth of productivity in many advanced and emerging market economies after the international financial crisis is raising concerns about growth prospects. A new study indicates that reducing barriers to international trade and foreign direct investment (FDI) could stimulate productivity and output.

The entry of portfolio investment into the country is associated with the yield and risk differentials of the country abroad. This means that a change in the perception of country risk is not necessary. Rather, they need to change in relation to existing alternatives in other countries. Therefore, significant movements in this area do not necessarily reflect a change in the state of the country's economy, however, they can have important repercussions on the exchange rate and other fundamental variables of the financial markets.

7 0
4 years ago
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