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To Be a Qualifying Relative,the Taxpayer Must Meet Three General

question 64

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To be a qualifying relative,the taxpayer must meet three general tests and four specific tests.Which one is not part of the three general tests?

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Definitions:

Sales Capacity

The maximum amount of sales a company can achieve within a given period, based on its resources and market demand.

Future Sales

Projected revenue a company expects to generate from its operations in a future period.

Total Assets

The sum of all current and fixed assets owned by a person or company, reflecting the total resources at their disposal.

Sustainable Growth

The rate at which a company can grow its sales, profits, and dividends without having to increase equity or debt financing.

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