Arnold Is Married to Sybil,who Abandoned Him in 2009

question 135

Multiple Choice

Arnold is married to Sybil,who abandoned him in 2009.He has not seen or communicated with her since April of that year.He maintains a household in which their son,Evans,lives.Evans is age 25 and earns over $20,000 each year.For tax year 2011,Arnold's filing status is:

• A) Married, filing jointly.
• B) Married, filing separately.
• C) Head of household.
• D) Surviving spouse.
• E) Single.

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Definitions:

Accordion Concerts

Live musical performances featuring the accordion, a portable keyboard instrument with bellows and sometimes buttons or keys.

Market Segmentation

The process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers based on some type of shared characteristics.

Marginal Cost

The cost of producing one additional unit of a good or service, calculated by the change in total cost that arises from an extra unit of output.

Demand

The measure of a good or service that people intend and are able to acquire at differing prices throughout a designated time span.