Stephanie, who was divorced in 2015, had filed a joint tax return with her husband in 2014
During 2015, she did not remarry and continued to maintain her home in which her three dependent children lived. In preparation of her 2015 tax return, Stephanie should file as
A) single.
B) head of household.
C) married filing separately.
D) qualifying widow(er).
Answer: B
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A father conveys his property to his son and then reserves that right to stay on that same property as long as the father remained alive. The father's interest in the property would be BEST referred to as:
A. A remainder interest. B. A revisionary interest. C. A life estate. D. A free simple estate.
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An appropriate collateral for a secured short-term loan is ________
A) fixed assets B) accounts receivables C) common stock in a privately-held corporation D) bank over-draft
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