If you are a surviving spouse, you may continue to use the married filing jointly tax rates unless

A) you are divorced and your ex-spouse died in the last five years.
B) your spouse died in the last two years.
C) you have children you can claim as an exemption.
D) you pay more than half the cost of maintaining your residence.


Answer: A

Business

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iSooky has a spotter truck with a book value of $40,000 and a remaining useful life of five years. At the end of the five years the spotter truck will have a zero salvage value. The market value of the spotter truck is currently $32,000. iSooky can purchase a new spotter truck for $120,000 and receive $31,000 in return for trading in its old spotter truck. The new spotter truck will reduce variable manufacturing costs by $25,000 per year over the five-year life of the new spotter truck. The costs not relevant to the decision of whether or not to replace the spotter truck are:

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a. True b. False Indicate whether the statement is true or false

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