Is Abandoned Spouse one of the filing statuses? Yes No

Q: Question 12: Match the payment due dates with the type of depositor. Following Friday Semiveekly…

A: Payment Due Date: In business, a due date is the latest date by which a payment on an invoice or…

Q: Which of the following statements regarding the adoption expenses credit is not true? Group of…

A: The correct answer is Option (a).

Q: A donation on account of marriage will give a donor a deduction from gross gifts made if: The donee…

A: A donation on account of marriage will give a donor a deduction from gross gifts made. Gift made to…

Q: In what circumstance would a property insurance claim be rejected?

A: An insurance claim is a written request for coverage or compensation from an insurance company for a…

Q: Which of the following is not a close member of the family of a person in accordance to PAS 24?…

A: PAS 24 Deals with : Related Party Disclosures   This requires necessary disclosures relevant to any…

Q: why should the client represantion letter be prepared foreach examination?

A: SOLUTION  REPRESENTATION LETTER  IS A LETTER WRITTEN FROM THE ASSOCIATION TO ITS  ACCOUNTANT…

Q: Which is not a cause for a valid disinheritance of children or descendants? Parents have abandoned…

A: Valid reasons of children and descendants to be disinherited are (1) If a child or descendant has…

Q: What filing status choices are available for singles with children?  Be able to determine whether…

A: Single means being unmarried on the last day of the previous year. Unmarried also includes, divorced…

Q: What are some of the possible consequences should a home owner allow the policy to lapse?

A: If the policyholder of the property insurance fails to make multiple payments, then the homeowners…

Q: Off-balance sheet financing means that a company has larger obligations than it shows on its balance…

A: The main objective of off-balance sheet financing is to show the debt liabilities of the company at…

Q: What is the Effect of Foreclosure on Junior Lienors?

A: Effect of foreclosure on Junior lienors is: Junior Lienor’s claims on the property mortgage are…

Q: Why should you be concerned with retirement and estate

A: The retirement planning of the most important decisions because it involved  part of the decisions…

Q: What claims against an estate have priority?

A: Definition:   Priority claims of assets: When sufficient funds are not available then the order of…

Q: An application for an individual Disability Income policy may require all of he following…

A: Disability income policy is an insurance policy which protects the insured against loss of monthly…

Q: instrumental witneses are mandatory in a. holographic wills only b. both notarial and holographic…

A: Holographic Will: This will is totally written,  dated and signed by the testator.  Notarized will :…

Q: For purposes of computing the credit for child and dependent care expenses, the qualifying child or…

A: The child and dependent care credit refers to a non refundable tax credit reform which is offered to…

Q: Which statement describes a technique used to address the issue of ensuring the payment of adequate…

A: Establishing an irrevocable trust can ensure that assets are set aside to pay child support,…

Q: Determine if this shall result in recognition of liabilities 5. signing of employment contract by a…

A: Recognition of liabilities: Liability is recognized in the balance sheet when it is probable that an…

Q: Which of the following does not have a legitimate insurable interest? A) An individual on the life…

A: Insurable interest is a key component in insurance which basically ensures that insured person…

Q: What is “Head of household” filing status? Who can claim it and who can’t? Is it helpful or not, and…

A: There are five filing statuses as mentioned under the Federal taxes:- 1. Single 2. Head of household…

Q: Which of the following methods will NOT achieve the client's goal of distributing property at death…

A: In case of death of person it is necessary to transfer the wealth to the proper person for that…