Examlex
During 2019, Howard maintained his home in which he and his 16-year-old son resided. The son qualifies as his dependent. Howard's wife died in 2018. What is his filing status for 2019?
Corporate Form
A legal structure for businesses recognized as separate entities from their owners, providing limited liability protection and enabling easier access to capital.
Cost Efficient
Achieving a specific goal or output with minimum expense or least waste.
Economic Profit
The discrepancy between sum revenue and sum expenses, taking into account both acknowledged and assumed costs.
Principal-Agent Problem
A dilemma in relationships when one party (the agent) is expected to act in the best interest of another (the principal), but has the potential to act in their own self-interest instead.
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