MULTIPLE SUPPORT AGREEMENT
An agreement where two or more taxpayers provide financial support for the same dependent. It allows several persons to jointly aid a single dependent to be able to take turns declaring this individual as a dependent for their tax return. In order for the agreement to take effect, every taxpayer must shoulder 10% of the dependent's support and the form 2120 can be used to make this claim. This is also utilized when many children contribute to support their aged parent.
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Maximum Loan-to-Value Ratio
Maximum allowable ratio of a loan’s size to the property’s value that is securing the loan. Lenders measure the risk using loan-to-valu ...
Cash Return on Assets Ratio
Ratio used to differentiate a business’ performance against other industry members. The company’s analysts may use the ratio internally ...
Retention Bonus
A reward given to an employee that serves as an incentive to keep that key employee on the job during a significant business cycle, like a merger o ...
Infrastructure
Basic physical systems of a business or country such as roads, utilities, transportation, communication, sewage, and water and electric systems, am ...
Cost Control
Act of managing and/or reducing business expenditures done by determining the costs and evaluating if such expenses are affordable and reasonable. ...
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