Jane Is Unmarried and Has No Children, but Provides More

question 111

Multiple Choice

Jane is unmarried and has no children, but provides more than half of her mother's financial support. Jane's mother lives in an apartment across town and has a part-time job earning $5,000 a year. Which is the most advantageous filing status available to Jane?

• A)Single.
• B)Head of household.
• C)Qualifying individual.
• D)Surviving single.

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Definitions:

Fannie Mae

A government-sponsored enterprise established to expand the secondary mortgage market by making mortgages more accessible and affordable.

Federal Reserve's Monetary

Actions by the Federal Reserve to control the money supply and interest rates in an effort to regulate the economy.

Real Output

The quantity of goods and services produced, adjusted for inflation, reflecting the true productivity of an economy.

Economic Growth

An increase in the output of goods and services in an economy over time, often measured as the percent rate of increase in real GDP.