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In January 2017, Jake's Wife Dies and He Does Not

question 126

True/False

In January 2017, Jake's wife dies and he does not remarry. For tax year 2017, Jake may not be able to use the filing status available to married persons filing joint returns.


Definitions:

Planning Fallacy

is the tendency to underestimate the time, costs, and risks of future actions while overestimating the benefits, leading to time and budget overruns.

Underestimate

To judge something below its actual value, size, or importance.

Complete A Task

This means to finish or accomplish a given work or activity usually with a specific goal in mind.

Availability Heuristic

An intellectual shortcut that depends on the readily accessible examples in someone's memory upon contemplating a certain subject, notion, technique, or judgment.

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