Olivia is an unmarried attorney. Her friend Lana has fallen on hard times since she lost her job. Olivia allows Lana to reside with her for the entire year and provides over half of Lana’s support. Lana only earned $3,000 for the tax year. What is Olivia’s filing status? Group of answer choices a)Single, because even though Lana is a dependent, Lana is not related to Olivia. b)Single, because Lana is not a qualifying child, and only taxpayers with qualifying children can claim head of household. c)Head of Household, because Olivia has maintained a household for Lana for over ½ of the year. d)Head of Household, because Lana is Olivia’s qualifying relative, and Olivia has maintained a home for her for over ½ the tax year.
Olivia is an unmarried attorney. Her friend Lana has fallen on hard times since she lost her job. Olivia allows Lana to reside with her for the entire year and provides over half of Lana’s support. Lana only earned $3,000 for the tax year. What is Olivia’s filing status? Group of answer choices a)Single, because even though Lana is a dependent, Lana is not related to Olivia. b)Single, because Lana is not a qualifying child, and only taxpayers with qualifying children can claim head of household. c)Head of Household, because Olivia has maintained a household for Lana for over ½ of the year. d)Head of Household, because Lana is Olivia’s qualifying relative, and Olivia has maintained a home for her for over ½ the tax year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Olivia is an unmarried attorney. Her friend Lana has fallen on hard times since she lost her job. Olivia allows Lana to reside with her for the entire year and provides over half of Lana’s support. Lana only earned $3,000 for the tax year. What is Olivia’s filing status?
Group of answer choices
a)Single, because even though Lana is a dependent, Lana is not related to Olivia.
b)Single, because Lana is not a qualifying child, and only taxpayers with qualifying children can claim head of household.
c)Head of Household, because Olivia has maintained a household for Lana for over ½ of the year.
d)Head of Household, because Lana is Olivia’s qualifying relative, and Olivia has maintained a home for her for over ½ the tax year.
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