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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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Which one of the following types of charitable contributions is NOT deductible for federal income tax purposes?
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Briefly explain 3 arguments for and 3 against a national minimum wage.​
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FOR:

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Against

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3 years ago
Write a for loop that prints in ascending order all the positive integers less than 200
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The correct answer for the for loop is:

for (int i=1; i<200; i++){

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cout << i << " ";

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5 0
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On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note requir
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Answer:

1. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238.

Explanation:

The journal entry is shown below:

Note payable A/c Dr $7,238

Interest expense A/c Dr $7,000

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The computation of the interest expense is shown below:

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And, the remaining balance left is reported in the note payable account

3 0
3 years ago
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