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From the perspective of Porter's five forces model,an) __________ is one in which intense rivalry already exists among competitors,there are substantial threats in terms of new competitors and substitute products,and suppliers and buyers are very powerful in bargaining over prices and quality.
Qualifying Child
A dependent who meets specific IRS criteria related to age, relationship, residency, support, and filing status for potential tax benefits.
Head of Household
A tax filing status for individuals living in the U.S. who are unmarried and support a qualifying person, offering more favorable tax rates and deductions.
Adjusted Gross Income (AGI)
A measure of income calculated from your gross income and used to determine how much of your income is taxable.
Standard Deduction
A fixed amount that taxpayers can subtract from their income before income tax is applied, reducing the taxable income, and which varies based on filing status.
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