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Ursula's divorce from her husband Boris became final on December 30, 2017. Ursula's children lived with her for the first four months of 2017, but moved in with their father after Ursula was declared legally blind. Ursula did not contribute anything to the cost of maintaining the household when the children were living with her husband. Ursula is 40 years old. What filing status can Ursula use during 2017 and what is her standard deduction?
A) Married Filing Jointly; $12,700
B) Head of Household; $10,900
C) Single; $7,900
D) Head of Household; $9,350
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You are willing to pay $15,625 now to purchase a perpetuity that will pay you and your heirs $1,250 each year, forever, starting at the end of this year. If your required rate of return does not change, how much would you be willing to pay if this we..
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