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In Applying the Gross Income Test in the Case of Dependents

question 145

Essay

In applying the gross income test in the case of dependents that are married, could the application of community property laws have any effect? Explain.


Definitions:

Cash Coverage Ratio

A measure of a company's ability to pay its debt obligations using its operating cash flow.

Quick Ratio

The Quick Ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.

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