A Weak Entity Is an Entity That Depends on Another

question 36

True/False

A weak entity is an entity that depends on another entity for its own existence.

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Definitions:

Taxable Income

This is the portion of one's income that is subject to taxes, after all deductions, exemptions, and adjustments.

Interest Charged

The cost incurred for borrowing money, typically expressed as a percentage rate over a period of time.

IRS

The Internal Revenue Service, a U.S. federal agency responsible for the collection of taxes and enforcement of tax laws.

3%

An interest rate, tax rate, or other percentage that signifies a portion or rate out of a hundred.