Bonnie and Ernie File a Joint Return

question 106

True/False

Bonnie and Ernie file a joint return.Bonnie works and receives income during the year but Ernie does not.If the couple files a joint tax return, Ernie is responsible for paying any taxes due if Bonnie is unable to pay the taxes.

---

Definitions:

Deed Of Trust

A formal written instrument that transfers legal ownership of real property to a third party while the mortgagor remains on the property. The third party holds certain rights to that property as security for the mortgagor’s creditors.

Disinterested Third Party

A disinterested third party is an unbiased individual or entity that is not involved in the matters at hand, ensuring impartiality in decision-making processes or disputes.

One Percent

Often refers to the segment of the population that holds a disproportionately large share of wealth and economic power.

Security Interest

A legal right or claim on assets granted to a creditor to secure the repayment of a debt or obligation.