Kyle,whose Wife Died in December 2013,filed a Joint Tax Return

question 85

Multiple Choice

Kyle,whose wife died in December 2013,filed a joint tax return for 2013.He did not remarry,but has continued to maintain his home in which his two dependent children live.What is Kyle's filing status in 2016?

• A)Head of household
• B)Surviving spouse
• C)Single
• D)Married filing separately
• E)None of these

---

Definitions:

Alternative Use

The value or potential benefit that is foregone as a result of using an asset or resource in a particular way instead of another possible way.

Sunk Costs

are past expenses that have already been incurred and cannot be recovered or changed, and thus should not affect future business decisions.

Avoidable Costs

Expenses that can be eliminated if a particular decision is made, not incurred in the absence of the decision.

Fixed Costs

Fixed costs are those expenses that do not change in total despite changes in the volume of goods or services produced or sold.