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The Macroenvironment Consists of the Factors Close to the Company

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The macroenvironment consists of the factors close to the company that affect its ability to service its customers,such as suppliers,customer markets,competitors and publics.

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Definitions:

Exemption

In taxation, an exemption is a monetary exclusion that can be applied to reduce taxable income, often granted by the government to reduce the tax burden for certain groups, circumstances, or types of income.

Qualifying Relative

A dependent for whom the taxpayer provides financial support and who meets certain IRS criteria for tax benefits.

Dependent Taxpayer Test

Criteria used to determine if a taxpayer can be claimed as a dependent on someone else's tax return, affecting exemptions and credits.

Support Test

Criteria used by the IRS to determine if an individual can claim another person as a dependent based on financial support provided.

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