Which One of the Following Statements Is Not True About

question 25

Multiple Choice

Which one of the following statements is not true about Backups -

• A) choosing restore from the file menu accesses the wizard
• B) backup wizard is an automatic function that reminds you to back up your data
• C) the program asks you to confirm your choice of backup files to restore
• D) the program asks you for the name of the new restored file

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Definitions:

Estimated Payment

Periodic payments made towards expected tax liability before the due date to avoid penalties.

Subchapter S Corporation

A form of corporation that meets specific Internal Revenue Code requirements, offering the benefits of incorporated status while being taxed as a pass-through entity, avoiding double taxation.

Ordinary Loss

A loss incurred in the normal operation of a business that can be used to offset other types of income for tax purposes.

Interest Income

Earnings from investment in interest-bearing financial instruments, such as savings accounts, CDs, or bonds.