The Fee for Factoring Without Recourse Is Normally Higher Than

question 91

True/False

The fee for factoring without recourse is normally higher than it would be with recourse.

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Definitions:

Provisional Income

Income calculation used to determine if a taxpayer's Social Security benefits are taxable.

Filing Status

A category that determines the rate at which an individual is taxed, based on marital status and sometimes other factors.

Economic Benefit

The advantage gained from salary, wages, investments, or any other source that increases an individual's wealth or resources.

Exempt

Not subject to an obligation, duty, or requirement; often used in the context of income that is not subject to taxation.