Small Businesses with High Leverage Ratios Are Less Vulnerable to Economic

question 80

True/False

Small businesses with high leverage ratios are less vulnerable to economic downturns,but they have a lower potential for large profits.

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Definitions:

Criteria

Criteria are standards or principles by which something is judged or decided.

Qualifying Child

A dependent who meets certain conditions set by the IRS, related to age, relationship, residency, and support, allowing a taxpayer to claim certain tax benefits.

Child Tax Credit

A tax benefit aimed at helping families offset the cost of raising children by reducing their tax liability.

Lifetime Learning Credit

A tax credit available to individuals for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution.