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bija089 [108]
1 year 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]1 year 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]1 year 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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VLD [36.1K]

By concluding that they should look for new jobs  happens, they are solving problems.

C. solving problems.

<u>Explanation:</u>

Several employees face this problem of getting fired or laid off from work due to many reasons like drop in business profits, bankruptcy of the company, too much work force than required, not so competent work force, etc.

Before any situation like this occurs or when it is evident that something like this might occur the employees should start solving problems.

Therefore, whenever there is a possibility of being laid off occurs they first and foremost solve their problems.

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3 years ago
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Free_Kalibri [48]
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8 0
3 years ago
4. Study Question #4 Ch 7. Why are developing nations concerned with commodity price stabilization? Check all that apply. Improv
iragen [17]

Answer:

Developing nations are concerned with commodity price stabilization because of the following reasons

  1. There are high price elasticity of supply and demand for many commodities
  2. Developing economies are often highly dependent on the export of just one or a few commodities.

Explanation:

In recent decades there has been growing concern about the sharp fluctuations of primary product prices, the effects of those fluctuations on particular groups of producers and particular countries, and the measures which might be taken to reduce or offset the fluctuations.

Producing countries have been dominated by proposals for stabilizing world prices of commodities, in particular via the establishment of a “Common Fund” within the framework of UNCTAD's Integrated Program for Commodities.

However, developing nations are concerned with commodity price stabilization because of the two reasons provided above which could result in inflation and deflation.

7 0
3 years ago
Multiple Choice Question Mahan Corporation expects total sales to increase by 20% over the next year. The corporation has no spa
AlekseyPX

Answer:

$48,000

Explanation:

The computation of the corporation debt is shown below:

Since the asset is increased by 20%

The present asset is $100,000

ANd, the increased assets is

= $100,000 + $100,000 × 0.20

= $100,000 + $20,000

= $120,000

Now the debt is

= $120,000 × 0.4

= $48,000

hence, the last option is correct

3 0
2 years ago
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Read ore on cannibalization here: brainly.com/question/17772125

#SPJ1

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