Final answer:
Terrell's correct and most favorable filing status for 2022 is 'Single' because he is neither married nor does he have any dependents to claim.
Step-by-step explanation:
The direct answer for Terrell's correct and most favorable 2022 filing status, given that he is not married and has no dependents, is a. Single.In the context of filing tax returns, an individual's filing status determines the tax rate and standard deduction they are eligible for. The filing statuses available to individuals in the U.S. are single, married filing jointly, married filing separately, and head of household. Since Terrell is not married and does not have dependents, he cannot file as married filing jointly or married filing separately.
Moreover, the head of household status requires a tax filer to pay for more than half the cost of keeping up a home for themselves and a qualifying person, such as a dependent. As Terrell has no dependents, he does not qualify for this status either. Therefore, the single filing status is the only option that accurately reflects his situation. This status is typically less advantageous than being able to file as head of household or jointly with a spouse, but it is the proper status for someone in Terrell's circumstances.