Julia Provides More Than 50 Percent of the Support for Three

question 100

Multiple Choice

Julia provides more than 50 percent of the support for three individuals: Theresa,an unrelated child who lives with Julia all year long;Margaret,Julia's cousin,who lives in another city;and Emma,Julia's daughter who lives in her own home.Each of the potential dependents earned less than $4,050.How many dependency exemptions can Julia claim on her 2016 tax return?

• A)0
• B)1
• C)2
• D)3

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Definitions:

Market Growth

The increase in the demand or sales of a particular product or service within a specific industry or market over time.

Stealing Share

A business strategy aimed at gaining market share from competitors through tactics like competitive pricing, improved quality, or marketing.

Marginal Subcontracting Cost

The additional cost incurred for subcontracting one more unit of production or service.

Layoff Cost

refers to the expenses associated with terminating employees, including severance payments, benefits continuation, and administrative costs.