Mrs. Baker chose the Married File Separate status since, as stated in the inquiry, she covered more than half of cost of maintaining her home.
How are value and cost determined?
Any good or service's price is the sum that is required to purchase it. The expense for making and keeping a product is its cost. A good or service's utility to a consumer determines its value.
What does price mean in a business context?
The cost of a good or service is the dollar amount which a business invests in its development or manufacturing. The profit margin is not included.
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