The Computer Is the Primary Tool of the Tax Professional

question 45

Multiple Choice

The computer is the primary tool of the tax professional.The tax professional uses the computer for all of the following client services except

• A)tax planning for clients.
• B)tax research for client questions.
• C)investment purchases on behalf of clients.
• D)tax return preparation.

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Definitions:

Output

The total amount of goods and services produced by a business, industry, or economy.

Total Variable Costs

The sum of expenses that vary with production volume, including costs for raw materials, labor, and utilities directly involved in the production process.

Decreasing Output

A situation where a firm produces less output over time, often due to rising costs or decreased demand.

Always Decrease

A scenario where a variable or condition consistently declines over a period of time without increasing.