The Ability to Use a Tax-Preparation Program Via the Internet

question 6

True/False

The ability to use a tax-preparation program via the Internet for a fee is an example of SaaS.

---

Definitions:

Par Value

The face value of a bond or stock, as specified by the issuing company, which does not necessarily reflect its market value.

Legal Capital

The minimum amount of capital that a company is required to maintain for the protection of its creditors.

Stockholders

Individuals or entities that own shares in a corporation, giving them various rights including a claim on part of the company's profits in the form of dividends.

Capital Paid

The total amount of money that investors have contributed to a corporation by purchasing shares of stock, also known as paid-in capital.