Darren,age 20 and Not Disabled,earns $4,000 During 2015

question 164

True/False

Darren,age 20 and not disabled,earns $4,000 during 2015.Darren's parents cannot claim him as a dependent unless he is a full-time student.

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Definitions:

Profit Margin

A financial metric used to evaluate a company's profitability, calculated as net income divided by revenue.

COGS/Sales

COGS/Sales is a financial ratio that measures the cost of goods sold against the total sales revenue, often used to assess the efficiency of production.

Taxes/Sales

A ratio that shows the proportion of taxes paid relative to total sales revenue, often used in financial analysis.

Highly Levered Firm

A company that has more debt than equity, indicating it uses significant leverage in its capital structure.