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Please answer both of the questions NEED IT ASAP 7. John, who is married at the end of the year, would like to file as
Please answer both of the questions NEED IT ASAP
7. John, who is married at the end of the year, would like to file as head of household. Which, if any, of the listed situations will prevent John from using head of household status? 1. John files as married separate 2. John and his spouse do not live in the same household during the final six months of the applicable tax year 3. John itemizes his deductions for the applicable tax year 4. John furnishes more than one-half of the cost of maintaining a home which is the principal residence of a dependent child for more than one half of the tax year A. Situation No. 1 only B. Situation No. 1 and Situation No. 3 only Situation No. 2 and Situation No. 3 only Situation No. 4 only E. All four of the situations must be present for John to file as head of household 8. Divorced taxpayer George Grayson, age 62, has adjusted gross income of $110,000. George's mother, Martha, age 91, resides in the Village Nursing Home and George pays $126,000 to the home, which amount is 100% of the annual cost. Martha's only income is $5,000 of Social Security benefits, of which she spends a tiny fraction for incidentals such as magazine subscriptions and clothing. What is George's most advantageous Form 1040 filing status for the year? A. Married filing separate B. Single Head of household D. Abandoned spouse E. None of the aboveStep by Step Solution
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