DEPENDENT Definition

Bookmark and Share

DEPENDENT, generally, is a person who relies on another person for support (especially financial support) in U.S. tax law, it means a dependent as defined in tax code Section 152 which excludes those individuals who do not qualify for a dependent deduction on the employee's tax return including domestic partners and parents.

Learn new Accounting Terms

COST-TO-COST METHOD, in construction contracts, is an estimate of completion in which the state of completion is the ratio of costs incurred as of a given date divided by the estimated total project cost. See also PERCENTAGE OF COMPLETION METHOD OF ACCOUNTING.

LIMITING FACTOR is a factor or condition that, either temporarily or permanently, impedes goal accomplishment.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.