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Fact Pattern 20-1
MicroManage is the fastest growing home-software producer in the country. In 2000, it sold 6% of all home software in the U.S., but in 2011, it sold 55% of all home software. A recent issue of Computer Universe said that MicroManage was "the most dominant and aggressive of all home-software developers." Home software is a small part of the entire software industry.
In 2011, MicroManage proposed a merger with Game Master, its main rival. Game Master was responsible for 10% of all home-software sales in 2010. MicroManage's president says that the combination of the firms will allow MicroManage to lower costs and pass the savings on to its customers.
The Department of Justice filed suit to stop this merger, claiming the combination would give monopoly power to the merged firm. Justice insists that consumers would lose in the end.
-Refer to Fact Pattern 20-1. Assume that a merger does take place. Which legal standard will a court apply that reviews the merger?
Filing Joint Return
The tax filing status used by married couples who choose to combine their income and report it on one tax return.
Qualifying Widow(er)
A tax filing status available to a widowed individual with dependents, providing eligibility for standard deduction and tax rates that are more favorable for a specific period following the spouse's death.
Qualifications
The skills, experience, and education required to perform a job or task, or criteria to receive a benefit.
File
To file means to submit documents officially to a required authority, often used in the context of filing taxes or legal paperwork.
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