Selecting the Set Precision as Displayed Workbook Option Permanently Changes

question 147

True/False

Selecting the Set precision as displayed workbook option permanently changes the values in all workbook cells from full precision, which is six digits, to whatever format is displayed in that cell.

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Definitions:

Gross Earnings

The total amount of income earned by an individual or entity before any deductions or taxes are applied.

Deductions

Amounts subtracted from gross income to reduce taxable income, including expenses, allowances, or certain types of losses.

Payroll Deductions

Amounts subtracted from an employee's gross pay for taxes, insurance, retirement contributions, and other mandatory or voluntary expenses.

Pension Contributions

Funds put into a pension plan by individuals or employers intended to finance retirement benefits.