The taxpayer's spouse died at the beginning of 2019. He has no qualifying child. Which status should the taxpayer select when filing his tax return?

Answers

Answer 1

Answer:

single (no child)

Explanation:

In the given scenario the taxpayer's spouse died so the first assumption is that he will file as a widower.

However to file tax as a widower one has to have lost their spouse and have dependants or children. Then he file for standard deduction of married couple in the first year and as a widower in subsequent years.

In this case the taxpayer will file as single with no child and not as a widower.


Related Questions

West Company estimates that overhead costs for the next year will be $3,800,000 for indirect labor and $970,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 106,000 machine hours are planned for this next year, what is the company's plantwide overhead rate?

Answers

Answer: $45 per machine hour

Explanation:

Company uses machine hours as its overhead allocation base and there were 106,000 machine hours planned.

The overheads are $3,800,000 for indirect labor and $970,000 for factory utilities.

The rate will therefore be;

= Total Overhead / Machine hours

= (3,800,000 + 970,000) / 106,000

= $45 per machine hour

When prices change during a period, a company can combine the principles of the retail LIFO method with the dollar-value LIFO method to eliminate the effects of this price change. This combination is called:______

Answers

Answer:

Dollar value LIFO retail method

Explanation:

Dollar-Value LIFO aim to reduces the effect of the liquidation, allows companies to use FIFO internally and also reduces clerical costs.

Dollar value LIFO retail method are retailers way of getting or achieving the LIFO cost flow without monitoring individual units and this may lead to low liquidation of LIFO cost layers that could occur during tracking.

Acompany that is rated by both product and function is using organization B Hierarchia C. Marked Please select the best answer from the choices provided​

Answers

Answer:

Matrix

Explanation:

Quizlet

Sarah is having a hard time finding a template for her advertising business that she may be able to use at a later date and also make it available to her colleagues.

Answers

Answer:

The advertising business could use Sarah's template and give it to her colleagues and sell it out to everyone.

Explanation:

She can then use the other templates for a later date and make it availbale to her colleagues whenever they need it.

A: creating a custom template

Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part time as a substitute grade school teacher. Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following independent circumstances:

a. Clem is self-employed and this year he incurred $1,005 for tools and supplies related to his job. Since neither were covered by a qualified health plan, Wanda paid health insurance premiums of $4,570 to provide coverage for herself and Clem (not through an exchange).
b. Clem and Wanda own a garage downtown that they rent to a local business for storage. This year they incurred $1,750 in utilities and depreciation of $1,225.
c. Clem paid self-employment tax of $15,200 (the employer portion is $7,600), and Wanda had $5,700 of Social Security taxes withheld from her pay.
d. Clem paid $131 to rent a safe deposit box to store his coin collection. Clem has collected coins intermittently since he was a boy, and he expects to sell his collection when he retires.

Answers

Answer:

a) Clem can deduct the $1,005 that he spent on tools and supplies. If they file their taxes jointly, they can also deduct the $4,570 spent on health insurance.

b) Both utilities and depreciation are deductible from their rental income = $1,750 + $1,225 = $2,975

c) The employer portion of self-employment taxes is deductible = $7,600. Wanda's social security payments are not deductible.

d) This a personal expense and it is not deductible.

If ABC corporation paid a dividend of $6 per share last year. The stock currently...

If ABC corporation paid a dividend of $6 per share last year. The stock currently sells for $80 per share. You estimate that the dividend will grow steadily at a rate of 6% per year into the indefinite future. What is the cost of equity?

Answers

Answer:

r or cost of equity = 0.1395  or  13.95%

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * 91+g) / (r - g)

Where,

D0 is the dividend paid last yearD0 * (1+g) is dividend expected for the next period /year g is the growth rate r is the required rate of return or cost of equity  

Plugging in the values for D0, P0 and g in the formula, we can calculate r to be,

80 = 6 * (1+0.06) / (r - 0.06)

80 * (r - 0.06) = 6.36

80r - 4.8  =  6.36

80r  =  6.36 + 4.8

r  =  11.16 / 80

r = 0.1395  or  13.95%

A carrier owned and operated by the shipper is: _____

a. a common carrier.
b. a contract carrier.
c. a private carrier.
d. a consignor.

Answers

Answer:

C)A private carrier

Explanation:

By moving to Italy to work closely with fabric creators, Geoffrey B. Small is working to achieve:________

a. Planning integration
b. Supply chain integration
c. Strong product development processes
d. Integrated logistics

Answers

Answer:

The right approach is Option b (supply chain integration).

Explanation:

The integrated supply chain seems to be a large-scale organization strategic approach that brings however many chain features as possible into some kind of relatively close professional relationship amongst one another. The purpose is to promote responsiveness, manufacturing cost, but instead focused on waste reduction. Every connection throughout the chain advantages.

All three of those certain decisions are not linked to the example in the case given. So, option b is right.

Dawson Electronic Services had revenues of $106,000 and expenses of $63,000 for the year. Its assets at the beginning of the year were $413,000. At the end of the year assets were worth $463,000. Calculate its return on assets.

Answers

Answer:Return On Assets=9.8%

Explanation:

Return On Assets =Net income/Average total assets

But

Net income=Revenues-Expenses

=$106,000 - $63,000

= $43,000

And Average total assets  is given as  (Beginning assets +Ending assets)/2

= ($413,000+$463000)/2=$876,000 /2

=$438,000

Therefore Return On Assets =Net income/Average total assets

= $43,000 / $438,000

=0.098 x 100

=9.8%

While the industry for 5G compatible devices is in the introduction stage, the industry for 3G compatible devices are in the maturity stage. What does this imply?
A. The 5G compatible devices industry will focus on process innovation, whereas the 3G compatible devices industry will focus on product innovation.
B. The market for 3G compatible devices has reached its maximum size, whereas the market for 5G compatible devices is still small in size.
C. The 3G compatible devices is likely to focus on achieving market acceptance, while the 5G compatible devices industry is likely to focus on the harvest strategy.
D. The 5G compatible devices industry will focus on pursuing an integration strategy, while the 3G compatible devices industry will focus on pursuing a differentiation strategy

Redwood Corp. follows a business model in which the performance of the company is not only based on how much profits were generated, but also on how the community in general benefited from its operations. Thus, the company under its "Plant a Life" campaign promises to plant a tree with every customer purchase. Which of the following terms best describes the performance valuation model of Redwood Corp.?
A. social entrepreneurship
B. offshoring
C. crowdsourcing
D. corporate intrapreneurship

Answers

2. How should employers respond to K to 12 graduates who apply for vacant positions in
3. What were the perceived disadvantages of K to 12 graduates pcompared to college students?
4. What factors could give K to 12 graduates an advantage in the labor market?
Discussion Questions
1.
What is the dilemma K to 12 graduates face when applying for a job?
their company? Pa help asap po

The results of unethical behavior in a business can be catastrophic, both financially and in reputation. Clearwater Electronics currently has a solid reputation as an ethical organization and wants to maintain that reputation. Top management has tasked the HR department to reinforce ethical behavior consistently throughout the company. Given that responsibility, why is it especially important for the HR professionals themselves to behave ethically?

Answers

Answer:

Throughout the description segment below the overview according to the particular instance is defined.

Explanation:

Even though HR professionals become capable just of establishing as well as maintaining a healthy work atmosphere throughout positions of responsibility, it's indeed crucial that they somehow behave responsibly. This same HR department must therefore implement professional HR activities ensuring that they're being a model citizen again for the majority including its corporation's representatives.

A jacket potato vendor charges $3.92 per potato sold. The variable cost of each potato served is $1.21. The stall has a fixed cost of $500 per week. What is the percentage decrease in unit contribution resulting from the drop in price to $3.00?

Answers

Answer:

% unit contribution margin= 33.95% drop

Explanation:

Giving the following information:

Selling price= $3.92

Unitary variable cost= $1.21

New selling price= $3

First, we need to calculate both unitary contribution margin:

Current contribution margin= 3.92 - 1.21= $2.71

New contribution margin= 3 - 1.21= $1.79

Now, the percentage change:

% unit contribution margin= [ 1- (1.79/2.71)]*100

% unit contribution margin= 33.95%

______ is a chemical that captures energy for photosynthesis.
A. glucose
B. lactic acid
C. carbon dioxide
D. chlorophyll

Answers

Answer:

option d is the correct answer hope it is correct

How long do you believe it would take you to be ready for a leadership position? :

Answers

Answer:

1 day

Explanation:

Which of the following are not reasons entrepreneurs improve the economy?


self-confidence = stimulated economy

new businesses = no new employees

no taxes

new technology

Answers

Answer:

Explanation:

b and c

No taxes not reasons entrepreneurs improve the economy

The economy benefits from entrepreneurship for a variety of reasons, including the creation of jobs and the advancement of social change.

Are there explanations for why entrepreneurs help the economy?

Entrepreneurs are crucial to market economies because they may drive the nation's economic expansion. They encourage new employment by developing new goods and services, which eventually accelerates economic growth.

They also overwhelmingly suggest that tax increases can enhance government revenue, but frequently at the expense of economic growth and taxpayer mobility. On the other hand, tax reductions typically result in temporary drops in revenue while fostering long-term economic growth.

To learn more about economic growth refer to :

https://brainly.com/question/12148347

#SPJ2

An investment has an initial cost of $2.7 million and net income of $189,400, $178,600, and $172,500 for Years 1 to 3. The average book value is $1.35 million. Should this project be accepted based on the average accounting rate of return if the required rate is 12.5 percent? Why or why not?

a. Yes, because the AAR is 12.5 percent
b. Yes, because the AAR is less than 12.5 percent
c. Yes, because the AAR is greater than 12.5 percent
d. No, because the AAR is greater than 12.5 percent
e. No, because the AAR is less than 12.5 percent

Answers

Answer: c. Yes, because the AAR is greater than 12.5 percent

Explanation:

Average Accounting rate of return = Average Net Income / Average Assets

Average Net income = (189,400 + 178,600 + 172,000) / 3 years

= $180,166.66667

Average Assets = 2,700,000 / 3 years

= $900,000

Average Account rate of return = 180,166.66667/ 900,000

= 20.01%

The AAR at 20.01% is greater than the required rate which is 12.5% so the project should be accepted.

Pearl Medavoy will invest $7,990 a year for 19 years in a fund that will earn 10% annual interest Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 19 years? If the first payment occurs at year end, what amount will be in the fund in 19 years? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to 0 decimal places, eg.458,581)
a. First payment today ____________$
b. First payment at year-end __________ $

Answers

Answer:

a.$449,637

b.$408,761

Explanation:

Future value of first payment today or first payment at year-end can be calculated by multiplying the present value by the cumulative FV factor of 10% for 19 years of an annuity due and for 19 years of ordinary annuity respectively.

Future value of first payment today = $7,990 * Cumulative FV factor at 10% for 19 years of annuity due

Future value of first payment today = $7,990 * 56.275

Future value of first payment today = $449,637

Future value of first payment at year-end = $7,990 x Cumulative FV factor at 10% for 19 years of annuity

Future value of first payment at year end = $7,990 x 51.15909

Future value of first payment at year end = $408,761

Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $120,000 in eighteen years. If they are able to earn 7% per annum, how much must be deposited at the end of each of the next eighteen years to fund the education

Answers

Answer:

$3,529.51

Explanation:

Future value = $120,000

N = 18

i = 7%

Future value = Annual savings * [(1 + Interest rate)^Years - 1] / Interest rate

Future value =  Annual savings * [(1 + 0.07)^18 - 1 / 0.07]

Annual savings = $120,000 / [(1 + 0.07)^18 - 1 / 0.07]

Annual savings = $120,000 / 2.37993227573 / 0.07

Annual savings = $120,000 / 33.99903251042857

Annual savings = $3529.512199007199

Annual savings = $3,529.51

Therefore, the annual savings is $3,529.51


You are creating a budger for your new business. What should you include?
A All income and expenses.
B. Faed expenses but not income.
C. Income but mot variable expenses.
D. Fixed and variable expenses but not taxes.

Answers

Answer:

I guess the answer is first(A)

If the following projections have been made, what is the projected ending cash balance?
Cash sales, $380,000
Beginning cash balance, $30,000
Operating expenses of $420,000, including depreciation of $20,000
Interest expense of $12,000 is included in operating expenses
Borrowing $50,000
End-of-period accrued liabilities of $20,000 for operating expenses
a. $80,000
b. $40,000
c. $52,000
d. $48,000

Answers

Answer:

a.$80,000

Explanation:

Calculation for what is the projected ending cash balance

Using this formula

Ending cash balance = Beginning cash Balance + Cash sales + Borrowing Amount- (Operating expenses paid)

Let plug in the formula

Ending cash balance=$30,000 +$380,000+$50,000-($420,000-$20,000-$20,000)

Ending cash balance=$460,000-$380,000

Ending cash balance= $80,000

Therefore the Ending cash balance will be $80,000

Write a sample greeting you would record on your professional cell phone to be heard by employers and recruiters if they reach your voice mail.

Answers

Answer:

This is (your name) with (say the company) I can not come to the phone right now but please leave a message and I will call you back.

Answer: Hello, you’ve reached (Your First and Last Name).

Sorry I wasn’t able to take your call, but please leave your name and a detailed message and I’ll get back to you.

Have a great day.”

Company acquired land and buildings for $1,000,000. The land is appraised at $450,000 and the buildings are appraised at $800,000. The debits to the Land and Buildings accounts will be:

Answers

Answer:

Debit Land for $360,000

Debit Buildings for $640,000

Explanation:

The total acquisition cost has to be allocated based on the appraisal value of each of the Land and Buildings.

Therefore, the amount to be debited to the Land and Buildings accounts can be calculated as follows:

Total acquisition cost = $1,000,000

Land appraisal value = $450,000

Buildings appraisal value = $800,000

Total appraisal value = Land appraisal value + Buildings appraisal value = $450,000 + $800,000 = $1,250,000

Amount allocated to Land = (Land appraisal value / Total appraisal value) * Total acquisition cost = ($450,000 / $1,250,000) *  $1,000,000 =  $360,000

Amount allocated to Buildings = (Buildings appraisal value / Total appraisal value) * Total acquisition cost = ($800,000 / $1,250,000) *  $1,000,000 =  $640,000

Therefore, the debits to the Land and Buildings accounts will be the allocated amounts to each as follows:

Debit Land for $360,000

Debit Buildings for $640,000

Advertising is an expenditure that ultimately must be justified in terms of its effect on sales and profits, yet most evaluations of advertising are in terms of the effects on consumer attitudes. How do you account for this apparent mismatch

Answers

Answer: Emphasis must be made on sales and profits, with the central position being how the customer perceive this goods

Explanation:

Advertisement should be aimed at improving sales and expanding the market for goods. Advertisement is not just to bring customers but also inform them on updates about products. Although customers attitude are needed, this helps the manufacturer or producer to know feedback on what the market is saying, as this cannot be ignored. Emphasis must be made on sales and profits, with the central position being how the customer perceive this goods.

The apparent mismatch is producers looking solely to what the customers are saying rather than considering profit, market expansion, sales, all surrounded by the customer as the focus

What is the yield to maturity on a bond that you purchased for $1,024, assuming that the bond has 18 years to maturity, a par value of $1,000, and a coupon rate of 4.10%

Answers

Answer:

YTM = 0.039196 or 3.9196% rounded off to 3.92%

Explanation:

The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,

YTM = [ ( C + (F - P / n))  /  (F + P / 2) ]

Where,

C is the coupon payment F is the Face value of the bond P is the current value of the bond n is the number of years to maturity

Coupon payment = 1000 * 0.041 = 41

YTM = [ (41 + (1000 - 1024 / 18))  /  (1000 + 1024 / 2)

YTM = 0.039196 or 3.9196% rounded off to 3.92%

A market economy is not based on _____.


a vote

having no choices

personal choice

the public

Answers

Answer:

Personal choice

Explanation:

A market economy is not based on personal choice. Thus the correct option is C.

What is the Economy?

The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.

In a free market, the manufacturing of goods and services is controlled by supply and demand principles. It is not centralized and is instead governed by the availability and demand for products and services.

A market economy is said to be a free market or not based on any personal choice as it is determined by the availability of goods and services in the market but customers can influnece the demand for a particular product.

Therefore, option C is appropriate.

learn more about the Economy, here:

https://brainly.com/question/2421251

#SPJ2

I am continually reflecting on how my decisions as a leader impact others and assessing how my core values, emotions, and motives reflect our goals. Which component of authentic leadership am I using?

a. Moral reasoningc.
b. Relational transparency
c. Optimism

Answers

Answer:

b. Self-awareness

Explanation:

Self awareness is a capability for focusing on yourself and know how your  actions, thoughts, emotions works. It simply means to aware your self in terms of attitude, behavior, core values etc

Since in the question it is mentioned that by reflecting yourself in continuous way how my core values, emotions etc reflect the goals

So this situation represents the self awareness

Hence, the b option is correct

Helen Martin is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market interest rate for similar investments is 8.5 percent. Assume annual coupon payments. What is the current value of this bond

Answers

Answer:

the current value of the bond is $665.05

Explanation:

The computation of the current value of the bond is shown below:

Current Value = Face value ÷ ( 1 + rate of interest)^time period

= $1,000 ÷ (1 + 0.085)^5

= $1,000 ÷ (1.085)^5

= $1,000 ÷ 1.503657

= $665.045423

= $665.05

hence, the current value of the bond is $665.05

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Can anyone help im stuck on this question
How has the Internet made it easier to detect unethical practices?
A. Gossip spreads more quickly on the Internet.
B. The Internet gives people access to information they did not have
in the past.
C. People can use their cell phones to record secret meetings.
O D. People use videos to film things they could not prove in the past.

Answers

Answer:

B is the correct answer

The Internet gives people access to information they did not have in the past, this is how the Internet made it easier to detect unethical practices. Therefore option D is correct.

What are Unethical practices?

Any behavior on the part of the bidder that tries to avoid the tender procedure in any way is considered an unethical practice. After the initial bid is opened, any unsolicited discount offers, financial bid amount reductions, upward revisions of product quality, etc., will be considered unethical behavior.

The submission of multiple bids or applications by a supplier, recipient, participant, or client (directly or indirectly), withholding of pertinent or inaccurate information from the bid or during a business transaction, engaging in price-fixing tactics (whether in connection with a bid, during a business transaction, or otherwise), and allowing a conflict of interest to arise in a bid or business transaction are all considered unethical practices.

To learn more about Unethical practices follow the link.

https://brainly.com/question/28616617

#SPJ2

Which of the following statements give a valid reason why the currency exchange you plan ahead of time might not be
wholly accurate?
L. Currency exchange rates fluctuate, so the actual rates could be different from the planned rates.
II. Many currency exchange services charge a fee or surcharge, which differs from service to service.
II. Taxes in different countries may cause the amount of money you actually receive to change.
I and II
b. ll and III
C. Ill only
dl, ll, and III
a
Please select the best answer from the choices provided
О А
С В
С
Save and Exit
Next
Submit

Answers

Answer:

a

Explanation:

Advertising, soliciting, or accepting for a fee money or another negotiable instrument denominated in the currency of one government in exchange for money . Hence option A is correct .

What is currency exchange ?

Another negotiable instrument denominated in the currency of another government is referred to as currency exchange or foreign currency exchange.

Businesses that offer currency exchange services let customers trade one currency for another. Currency exchanges can be accessible physically in places like banks or airports, but they are also becoming more prevalent online.

A licenced company that offers currency exchange services is known as a currency exchange. Coins and paper currency are typically exchanged over the counter at teller stations, which can be found in a variety of locations including airports, banks, hotels, and resorts. Currency The nominal fee that exchanges charge and the bid-ask spread in a currency are how they generate revenue.

Learn more about Currency exchange here

https://brainly.com/question/16045081

#SPJ6

Julie wants to buy a car and is deciding how she should invest her money. To best meet her needs, she should

Answers

Answer: invest in US savings bonds because of its short term.

Explanation: Investing in savings bonds will help Julie get more money so she can buy her car but at the same time have more money. Julie can get her money out in no time if she needs it and she'll have bigger profits.

Answer:

Its B

Explanation:

2022 edge

Other Questions
Mi padre(llevar) un traje a la oficina. What are the complex solutions to the following equation?- 2x+2x-3=0 Which statement best describes the importance of the natural environment to the ancient Egyptians? What is the equation of the line that passes through the points (-2,5) and (1,-1)? What is haccp? A codified systemA health requirement a local health ordinance Notice that two line segments are formed on each transversal between the central parallel line and the outer parallel lines. Measure the lengths of the four line segments. HELP!!!!ILL DO ANYTHINGHELPHELPHELP Molly's cut is bleeding and she is worried that it will not stop. Using your knowledge of the homeostatic process, what would you say to reassure her that the bleeding will stop? O A. The negative feedback mechanism will create change to heal the wound. O B. A positive feedback mechanism will act to create a condition that will stop the bleeding. O C. The negative feedback mechanism will create a condition that will stop the bleeding. OD. A positive feedback mechanism will send the message to the brain to heal the cut. In what ways does hip hop reflect what is going on in society? Jeffrey is using a pulley to get water from a well. He loops a rope over the top of a pulley wheel, then ties the rope to a bucket. He lowers the bucket into the water. To bring the bucket and water up from the well, Jeffrey pulls down on his end of the rope. Why does Jeffrey apply a pulling force to the rope? A. because adding his force to the force generated by the pulley will get the job done faster B. to test the tension in the rope before he uses it to climb down into the well C. to signal to the pulley to start drawing water from the well D. because work must be done on the pulley before it can do work on the bucket Read the sentences from a story. Manny cautiously approached the injured animal and slowly reached out to pet its back. He spoke to it in a gentle voice, wondering whether he could get it to Dr. Vito, the local vet, without causing more damage -- and without getting bitten. Then he wondered whether his mother could help. Based on voice, the narrator views Manny as serious. independent. caring. adventurous. Reread this passage from Narrative of the Life of Frederick Douglass, An American Slave.He said, "If you give a slave an inch, he will take a mile. A slave should know nothing but to obey his master--to do as he is told to do. Learning would spoil the best slave in the world.What is the denotative meaning of spoil, as it is used in this passage?A. saveB. persuadeC. ruinD. endanger 3x+15=6x the property of this If you see green fluid leaking from yourvehicle, it is most likely_____motor oilcoolantwaterpower steering fluid Match each right to the appropriate type of government.A.Citizens enjoy the rightto free electionsB.Citizens are denied basicrights such as freedomof speech and press.C.Citizens have basic rightssuch as freedom ofspeech and press.TotalitarianismRepresentative Democracy confucianism had a strong impact on the development of china mainly because this philosophy did what? Which of these is an adjustment on a power rack-and-pinion steering gear?A. Cylinder alignment B. Sector mesh adjustment C. cross shaft endplay D. Pinion torque Review the map. Which country was a resettlement area for Jewish people? England Egypt France Lithuania geometric of 1/3, 2/9, 4/27, 8/81, 16/243 To the nearest centimeter, what is the area of the shaded sector in the circle shown below? A. 12 cm2 B. 151 cm2 C. 23 cm2 D. 138 cm2