Revision Marks of Deleted Text Show As

question 27

Multiple Choice

Revision marks of deleted text show as:

• A) red bold text within the document.
• B) black bolded text.
• C) red text in a balloon.
• D) strikeout lines.

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Definitions:

Dependent Care Assistance Plan

A benefit plan that allows employees to use pre-tax earnings to pay for qualified dependent care expenses, such as child care.

Head Of Household

A tax filing status for unmarried taxpayers who provide the main support for their home and have a qualifying dependant.

Earned Income

Income derived from active participation in a trade or business, including wages, salaries, tips, and net earnings from self-employment.

Income Recognition

The accounting principle that income should be recognized in the accounting period in which it is earned.