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Lisa was married with two dependent children in 2004. Her husband died in April and she did not remarry before the end of 2004. Which filing status should Lisa use for her tax return in 2004?
Assessed Valuation
The dollar value assigned to a property for purposes of measuring applicable taxes, determined by a public tax assessor.
Taxation
The imposition of compulsory levies on individuals or entities by governments to fund public expenditures.
Market Value
The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm's length transaction.
Sales Tax
A tax imposed by government authorities on the sale of goods and services, paid for by the consumer at the point of purchase.
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