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Alan, Whose Wife Died in 2013, Filed a Joint Tax

question 75

Multiple Choice

Alan, whose wife died in 2013, filed a joint tax return for 2013. He did not remarry and continues to maintain his home in which his four dependent children live. In the preparation of his tax return for 2015, Alan should file as:


Definitions:

Computer System

An integrated set of hardware and software designed to process, manage, and store data.

Capital Cost Allowance (CCA)

A tax deduction in Canada that represents a business’s investment in depreciable property.

Earnings Before Interest And Taxes

A measure of a firm's profitability that includes all income and expense items except interest and income tax expenses.

Installation Cost

The expense associated with setting up or putting equipment, infrastructure, or software into operation.

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