Monique is a single mom who is raising her three young children on her own. When she files her taxes this year, which tax status will best fit her
situation?
OA single
OB. married, filing Jointly
OC.
head of household
OD
married, filing separately

Answer:

C. head of household

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

In the United States of America, a head of household is a tax filing status for taxpayers that are saddled with the responsibility of paying more than half of the support and housing expenses (costs) of a qualifying person for at least a year. Also, to be eligible to file as a head of household, the taxpayer must be single or unmarried at the end of the year.

Generally, a head of household gets a lower tax rate and higher standard deductions than other taxpayers.

In this scenario, Monique is a single mom who is raising her three young children on her own. When she files her taxes this year, the tax status that will best fit her situation is head of household because she's solely responsible for catering to the needs of her kids.

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Select the correct answer from each drop-down menu.

David is a research scientist who is giving a lecture to a class of students on how life began on earth. Help him complete the sentences.

Scientist have found 1) ________ containing fossilize cyanobacteria (blue-green algae). They show that life has been present on the earth from early ages. Oparin and Haldane were two scientists who hypothesized that life needed reducing environments initially to appear. The ocean in the early ages was 2) _________ (devoid of oxygen) and acidic.

ANSWER OPTIONS:

1)

A) shells
B) stromatolites
C) rocks

2)

A) anoxic
B) toxic
C) pyrexic

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Jeannine has recently purchased a home. She purchased an insurance policy that protects it against fire, flood, and hurricane damage. Jeannine
is protecting herself from which type of risk?
OA
property risk
OB. liability risk
Ос.
Inheritance risk
OD. personal risk