Michael, Age 42 and Single, Has a 13-Year-Old Son, Tony

question 96

Multiple Choice

Michael, age 42 and single, has a 13-year-old son, Tony. Tony resides with his mother, Jennifer, in her home. Pursuant to the terms of their divorce, Michael properly claims Tony as a dependent on his income tax return. Michael pays child support payments to his ex-wife for support of his child. Jennifer does not claim Tony as her dependent but she does bear the economic burden of supporting the household in which they reside. What is the maximum amount of the 2014 standard deduction that Michael qualifies for?

• A) $ 6,100
• B) $12,200
• C) $ 8,950
• D) $ 5,000

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Definitions:

Organizational Culture

The collection of values, expectations, and practices that guide and inform the actions of all team members within an organization.

Ethical Behavior

Conduct that is consistent with principles of moral and ethical standards, often guided by societal, professional, or personal values.

Whistle-Blowing

The act of exposing unethical or illegal activities within an organization by an insider or employee.

Code Of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity, typically within a specific organization or profession.