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bija089 [108]
2 years ago
10

Simone's (57) husband, Charles, died in 2017, and she has not remarried. Simone's mother, Lucy, lives in a nursing home. Lucy's

only income for 2020 consisted of $17,650 in social security benefits. Simone pays the entire cost of the nursing home and more than 50% of Lucy's support. Simone does not have any children, and no one else lives with her. What is Simone's correct and most favorable filing status
Business
2 answers:
Naddika [18.5K]2 years ago
6 0

Since Simone does not have any children and no one else lives with her, then, her correct and favorable filing status is Head of Household.

Basically, the filing status determines the amount of tax payable that a tax payer is liable to pay to the authority.

The filing status recognized in U.S. includes Single, Married filing jointly, Married filing separately, Head of household and Qualifying widow(er) with dependent child.

Since Simone does not have any children and no one else lives with her, then, her correct and favorable filing status is Head of Household.

Read more about this here

<em>brainly.com/question/14457852</em>

joja [24]2 years ago
3 0

Answer:

Head of household.

Explanation:

Simone is paying Lucy's entire nursing home cost & providing more than 50% of Lucy's support. this make Lucy qualified as Symone's dependents.

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Answer:

The answer is: C) Nominal GDP measures current production using current prices, whereas real GDP measures current production using base-year prices.

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Nominal GDP measures the production of total finished products and services within a country during a particular period using the current prices of the products and services. Real GDP measures the production of total finished products and services within a country during a particular period using base-year prices of the products and services.

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3 years ago
Your buddy in mechanical engineering has invented a money machine. The main drawback of the machine is that it is slow. It takes
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Based on the amount it would cost to build the machine and the interest rate as well as the payoff, the following are true:

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a. The machine will take a year to build which means the payoff will only start coming in next year.

First find the present value of the perpetuity:

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3 0
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W.W. Grainger, Inc. is one of the world's largest largest business-to-business distributors of equipment, component parts, and s
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In the scenario described above, W.W. Grainger is an example of a merchant wholesaler.

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