Carol Remembers Her Computer Password by Connecting It with the Name

question 9

True/False

Carol remembers her computer password by connecting it with the name of her first pet and the year she got married.This is an example of the third memory step, Association.

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Definitions:

Capital Gain

The profit earned from the sale of an asset that has increased in value over its purchase price, often applied to stocks, bonds, and property.

Stockholder Basis

The amount invested in a company's stock, used for tax purposes to determine gain or loss on the sale or disposition of the stock.

Taxable Income

The sum of earnings that determines the tax liability of a person or business to the government, once all deductions and exemptions have been applied.

Charitable Contribution

A donation or gift to a non-profit organization or charity that is often tax deductible for the donor.