Ellen,age 39 and Single,furnishes More Than 50% of the Support

question 6

Essay

Ellen,age 39 and single,furnishes more than 50% of the support of her parents,who do not live with her.Ellen practices as a self-employed interior decorator and has gross income in 2014 of $120,000.Her deductions are as follows: $30,000 business and $8,100 itemized.
a.What is Ellen's taxable income for 2014?
b.Can Ellen qualify for head of household filing status? Explain.

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Definitions:

Task-oriented

describes an approach or individual focusing primarily on completing tasks or achieving goals, often with an emphasis on efficiency and productivity.

Relationship-oriented

A leadership or management style that prioritizes the development of positive relationships among team members and stakeholders.

Democratic Style

A leadership approach that involves sharing decision-making responsibilities with team members, encouraging open dialogue and participation in the decision-making process.

Corporate Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business organization.