The Person Claiming a Dependent Under a Multiple Support Declaration

question 43

True/False

The person claiming a dependent under a multiple support declaration must provide more than 25% of the dependent's support.

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Definitions:

Automobile Dealer

A business entity that sells new or used cars at the retail level, based on a dealership contract with an automaker.

Liabilities

Financial obligations or debts that a business owes to external parties.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company's assets.

Ratio

A quantitative relationship between two numbers, showing how many times one value is contained within another.