Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. traver (32) is not married. he shares a home all t

traver (32) is not married. He shares a home all ting him.Travor provides more...

60.1K

Verified Solution

Question

Accounting

traver (32) is not married. He shares a home all ting him.Travor provides more then year with his girlfriend Stepphanie (26), Stephanie son Ryan (3). Rayan is not related to Travor, andtravor is not in the process of adopting him. Travor provides morethen half of the cost of maintaning the home and more then 50%support for stephanie and ryan. Travor's wages were $26,575;stephanies gross income was $4050, ryan is $0. what is travers mostadvantageous filing status?

a head of household

b married filing jointly

c married filing seperate

d single

Answer & Explanation Solved by verified expert
3.7 Ratings (537 Votes)
Ans d Head of the Household Since Traver is not married he cannot file under Married Filing jointly or married filing seperate Now coming to filing as an Head of the household which is advantagous for the tax payer amongst the other status mentioned in the question As when a tax payer qualifiy to pay tax under head of the household Heshe end up geting higher standard deduction and lower tax rate as compared to other filing status    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: Accountingtraver (32) is not married. He shares a home all ting him.Travor provides more then...traver (32) is not married. He shares a home all ting him.Travor provides more then year with his girlfriend Stepphanie (26), Stephanie son Ryan (3). Rayan is not related to Travor, andtravor is not in the process of adopting him. Travor provides morethen half of the cost of maintaning the home and more then 50%support for stephanie and ryan. Travor's wages were $26,575;stephanies gross income was $4050, ryan is $0. what is travers mostadvantageous filing status?a head of householdb married filing jointlyc married filing seperated single

Other questions asked by students

Q

I do not know how to solve this problem. A manufacture in Ontario has been fined...

Chemistry
Q

1. The stopcock connecting a 1.00 L bulb containing krypton gas at a pressure of 414 mm...

Chemistry
Q

a 25 Hz c 100 Hz c 100 A band playing music at a frequency...

Physics
Q

In the arrangement shown in figure the mass of the rod M exceeds the mass...

Physics
Q

Which of the following statement(s) is (are) true??1.B)A) I and IIC) 1The set of all...

Algebra
Q

1 3 1 3 7 ut a System by Elimination Solve each system by elimination...

Algebra
Q

On March 1, 2016, E Corp. issued $1,000,000 of 8% nonconvertible bonds at 103, due...

Accounting
Q

Required information [The following information applies to the questions displayed below.] During...

Accounting
Q

Pharoah Clark opened Pharoah's Cleaning Service on July 1, 2022. During July, the following transactions...

Accounting
Q

Cruz Company uses LIFO for Inventory costing and reports the following financial data. It also...

Accounting
Q

The principal reason for converting a customer's account receivable to a note receivable is: Select...

Accounting
Q

Can you calculate and give me final journal entries for the depreciation

Accounting