Ms Kilo Is an Unmarried Individual

question 6

Multiple Choice

Ms. Kilo is an unmarried individual. She has $219,344 taxable income in 2020. Compute Ms. Kilo's regular tax liability if she files as a single taxpayer and if she files as a surviving spouse.

• A) Single $70,190; surviving spouse $52,642
• B) Single $55,990; surviving spouse $42,222
• C) Single $51,206; surviving spouse $52,460
• D) None of these choices are correct.

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Definitions:

Inputs Required

The resources, such as labor, materials, and capital, that are necessary for the production of goods or services.

Marginal Product

The additional output that is produced by using one more unit of a particular input.

Total Product

The overall amount of products or services generated by a company during a specified timeframe.

Average Product

The output per unit of input, calculated by dividing total output by the total quantity of input.