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John supports Kevin,his cousin,who lived with him throughout 2014.John also supports three other individuals who do not live with him: Assume that Donna,Melissa,Morris and Kevin each earn less than $3,950. How many personal and dependency exemptions may John claim?
Mutually Exclusive
Events or choices that cannot occur at the same time, requiring a selection to be made between them.
Payback Period
The duration of time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment, essentially measuring how quickly the investment can be recouped.
Time Value
The concept that money available now is worth more than the same amount in the future due to its potential earning capacity.
Payback Period
The time required for an investment to generate cash flows sufficient to recoup the original investment cost.
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