Jerry Is Divorced and Has Two Children That Live with Him.In

question 94

Multiple Choice

Jerry is divorced and has two children that live with him.In addition he baby-sits three other children in the evenings and has a cat and two dogs.How many exemptions can he claim on his tax return?

• A) One
• B) Two
• C) Three
• D) Four

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Definitions:

Profit Margin

A financial metric that measures the percentage of revenue remaining after all expenses have been deducted from sales.

External Financing Need

The requirement for funds from sources outside the business, such as loans or equity financing, to support operations or growth.

Dividend Payout Ratio

A financial metric that measures the percentage of a company's earnings distributed to its shareholders in the form of dividends.

Profit Margin

A financial metric that measures the amount of net income earned with each dollar of sales by calculating the percentage of revenue that exceeds the costs of goods sold.