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Kyle and Liza are married and under 65 years of age. During 2014, they furnish more than half of the support of their 19-year old daughter, May, who lives with them. She graduated from high school in May 2013. May earns $15,000 from a part-time job, most of which she sets aside for future college expenses. Kyle and Liza also provide more than half of the support of Kyle's cousin who lives with them. Liza's father, who died on January 3, 2014, at age 90, has for many years qualified as their dependent. How many personal and dependency exemptions should Kyle and Liza claim?
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.
Inventory Turnover Ratio
An asset management ratio that indicates how quickly inventory moves off the shelf and therefore how well a company sells its product.
Inventory Turns
Measures how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Dollar Amount
The numerical monetary value or total assigned to a transaction, account, or asset.
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