Question

Jasmine and her husband, Arty, have been married for 25 years. In May of this year, the couple divorced. During the year, Jasmine provided all the support for herself and her 22-year-old child, Dexter, who lived in the same home as Jasmine for the entire year. Dexter is employed full time, earning $29,000 this year. What is Jasmine's most favorable filing status for the year?

Answer 1

Answer:

Single

Explanation:

Under United States federal income tax law, filing status determines which tax return form an individual will use and is an important factor in computing taxable income.

There are five possible filing status categories:

single individual,

married person filing jointly or surviving spouse,

married person filing separately,

head of household and a qualifying widow(er) with dependent children.

Dexter does not qualify as Jasmine's dependent due to his age and his income so Jasmine must file Single for the year.