Darren, Age 20 and Not Disabled, Earns $4,300 During 2018

question 26

True/False

Darren, age 20 and not disabled, earns $4,300 during 2018. Darren's parents cannot claim him as a dependent unless he is a full-time student.

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Definitions:

Economy of Scale

Economy of Scale refers to the cost advantage that arises with increased output of a product, as fixed costs are spread out over more units of production.

Cash Flow

The complete sum of funds flowing in and out of a company, notably influencing its ability to cover immediate expenses.

Merger

A business strategy where two or more companies agree to join together to form a new entity, often to expand market share or reduce competition.

Marketing Gains

Increases in market share or product value resulting from marketing strategies and campaigns.