Ellen, age 39 and single, furnishes more than 50% of the support of her parents, who do not live with her.Ellen practices as a self-employed interior decorator and has gross income in 2012 of $120,000.Her deductions are as follows: $30,000 business and $8,100 itemized.
Definitions:
Present Value
The value today of a future sum of money or sequence of cash flows, when discounted by a certain rate of return.
Float
The total number of shares of a company that are available for trading by the public.
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