In the Line of Code Sw = IO

question 41

True/False

In the line of code sw = IO.File.CreateText(fileName) sw is a variable that holds the value of a filespec for an existing text file.

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Definitions:

Tax Deduction

An allowable reduction from gross income that decreases taxable income and reduces the amount of tax owed.

Married Taxpayers

Couples legally married who can choose to file joint or separate tax returns, which can affect their tax liabilities and benefits.

Tax Liability

The total amount of tax owed to a taxing authority based on the taxable income of an individual or corporation.

Taxable Income

The amount of income used to calculate an individual's or a company's income tax due, determined by subtracting deductions and exemptions from total income.