Business, 08.03.2020 21:46 Kaylenejohnson00

What is the most advantageous filing status allowable for Aurora?

Aurora and Oscar separated in 2017 and divorced in October 2019. She earned $40,000 in wages and paid more than half the cost of keeping up her home in 2019.
Aurora and Oscar have a son, Milo, who is 17 years old and unmarried.
Aurora signed Form 8332 (Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent) allowing Oscar to claim Milo in 2019.
Milo is a full-time student working towards a degree in computer information systems. Milo lived on campus during the school year and spent the summer at home with his mother.
Milo does not a have a felony drug conviction and is not a qualifying child for anyone except Aurora.
Aurora paid $5,000 of Milo's tuition that was not covered by his scholarship.
Aurora provided more than half of her son's support and all the cost of his room and board on campus.
Milo's only income was $3,800 in wages and $400 of dividend income. He had no federal or state tax withholding.
Aurora and Milo are U. S. citizens and have valid Social Security numbers.

I was thinking single since she gave up her right to claim Milo, but I'm not sure. Would she be able to file as head of household?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 06:40, ayleenmorar

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct. d.

Answers: 2

continue

Business, 22.06.2019 16:50, cutebab4786

Slow ride corp. is evaluating a project with the following cash flows: year cash flow 0 –$12,000 1 5,800 2 6,500 3 6,200 4 5,100 5 –4,300 the company uses a 11 percent discount rate and an 8 percent reinvestment rate on all of its projects. calculate the mirr of the project using all three methods using these interest rates.

Answers: 2

continue

Business, 22.06.2019 23:00, kavron2322

Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.

Answers: 2

continue

Business, 22.06.2019 23:10, jazare05

Jake and janelle loved to prepare gourmet meals for friends and family. they started a business of preparing theme-type dinners for friends who were having parties. to generate even more interest in the business, janelle created on her website. she posted pictures of events, and close-ups of the food they served. she encouraged patrons and others to post reviews, comments, and favorite recipes, and to share their own party ideas. her promotion became a dialogue between buyers of her service and the business. interactive promotion infomercials product placement broadcast

Answers: 2

continue

You know the right answer?

What is the most advantageous filing status allowable for Aurora?

Aurora and Oscar separ...