In Your Own Words, Explain the Purpose of the Capability

question 25

Essay

In your own words, explain the purpose of the capability maturity model.List the levels of the model, and explain each one in your own words.

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Definitions:

Sales Taxes

Taxes imposed by the government on sales of goods and services, which are typically paid by the consumer at the point of sale.

Payroll Liabilities

Obligations arising from salaries, wages, taxes, and other amounts due to employees.

Federal Income Taxes

Taxes levied by the Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, and other legal entities.

Time Clock

A device used to track the hours worked by employees, often used to calculate payroll.