Question

In: Accounting

Deborah’s spouse died in 2017. She does not have a qualifying child. Her filing status option...

Deborah’s spouse died in 2017. She does not have a qualifying child. Her filing status option for that year is: *

Married filing jointly or married filing separately.
Qualifying widow.
Single.

Head of household

Solutions

Expert Solution

Answer is Married filing jointly or married filing seperately.

if the spouse dies during the year, and Deborah is not remarried during the year she can file married filing joint with the deceased spouse. If Deborah remarries she files Joint or seperate return with the spouse and the deceased spouse files married filing seperate return.

Explanations for incorrect options:

Qualifying widow:

To be eligible qualifying child is required. Since Deborah has no qualifying child, she can not file as qualifying widow.

Single:

On the year of death, Deborah files married filing joint or separate but not as single.

Head of household:

To be considered head of household Deborah required to maintain a household for more than a year for a qualifying child and unmarried for the tax year. Since conditions are not met, this filing status is not available.


*Hope the above explanation helps, please comment if further explanation is required. Your rating is appreciated*


Related Solutions

(filing status: single and she is her only dependent) tax calculations are as follows assuming a...
(filing status: single and she is her only dependent) tax calculations are as follows assuming a 2018 tax year). 2018 standard deduction amount is $6,500 and the exemption amount for 2018 is $4150. Bella s single and will claim herself as an exemption. She has a house mortgage interest amount of $4,300, property taxes of $3,900, and made $4,950 in charitable contributions during the year. All these are itemized deductions.             Wages, salaries, and tips                                                           $38,700             Plus: Interest income                                                                       ...
Emily (34) will use the head of household filing status. She has one dependent child, Harper...
Emily (34) will use the head of household filing status. She has one dependent child, Harper (5). During the year, Emily spent $7,000 for Harper's childcare. Emily's income during the year totaled $58,000, all from wages. She did not receive any dependent care benefits from her employer. What amount may Emily use to calculate the Child and Dependent Care Credit? A. $0 B. $3,000 C. $6,000 D. $7,000
If a taxpayer’s spouse dies in 2017, what are the potential filing statuses for 2017, 2018,...
If a taxpayer’s spouse dies in 2017, what are the potential filing statuses for 2017, 2018, 2019, and 2020?
Is this child qualify as a qualifying relative or child on her parents tax return? Lauren...
Is this child qualify as a qualifying relative or child on her parents tax return? Lauren is 18 and works as an actress. She has done this for several years, making $150,000 a year. However, her parents have placed all of her income in a trust account, and Crystal and Christopher continue to support her. She does not live at home, except during holidays.
Calculate the taxpayer's 2019 qualifying business income deduction for a qualified trade or business: Filing Status:...
Calculate the taxpayer's 2019 qualifying business income deduction for a qualified trade or business: Filing Status: Single Taxable Income: $180,000 W-2 Wages: $20,000 Net Capital Gain: $0 Qualified Business Income: $80,000
1: Bradley Banks' filing status is qualifying widower, and he has earned gross pay of $1,590....
1: Bradley Banks' filing status is qualifying widower, and he has earned gross pay of $1,590. Each period he makes a 401(k) contribution of 5% of gross pay and makes a contribution of 1.5% of gross pay to a flexible spending account. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $211,500. Social Security tax = $ Medicare tax = $ 2: Kyle Struck's filing status is single, and he has earned gross pay...
Which of the following statements accurately describes changes in the Qualifying Widow(er) (QW) tax filing status...
Which of the following statements accurately describes changes in the Qualifying Widow(er) (QW) tax filing status for Tax Year 2017? The taxpayer is entitled to file a joint return with their spouse for the year the spouse died. The taxpayer may file as a qualifying widow(er) in the year after the death of their spouse, even if they re-marry during the year following the year in which their first spouse died. The taxpayer no longer must have a qualifying child,...
Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a...
Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of ​$54,790​, no salary reductions for​ employer-provided benefits, and no itemized deductions. Assuming the single parent​ taxpayer's filing status is Married Filing Jointly or Surviving​ Spouse, the​ taxpayer's standard deduction for the 2017 tax year is ​$______ ​(Round to the nearest​ dollar.) Since the taxpayer has one dependent​ child, the​ taxpayer's exemptions for the 2017 tax year is ​$_____ (Round to the...
What does filing status mean? What are dependents and why does it matter for taxes?
What does filing status mean? What are dependents and why does it matter for taxes?
Maureen’s filing status is head of household. She owns and operates a hardware store, which has...
Maureen’s filing status is head of household. She owns and operates a hardware store, which has the following revenues and expenses for the current year.                               Revenue                                                                                                          $300,000                               Expenses:                                           Cost of goods sold 90,000                                           Property taxes 40,000                                                      Repairs and maintenance                                                                    30,000                                           Advertising and other costs 20,000 During 2020, Maureen received corporate bond interest income of $9,650, qualified dividend income of $8,000, and has net capital gains of $7,000. She has no other...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT