The Earned Value of a Project Is the

question 43

Multiple Choice

The earned value of a project is the

• A) project cost to date adjusted for project scope changes.
• B) total project cost to date.
• C) cost incurred minus the planned cost.
• D) percent of the original budget that has been earned by work that is completed.
• E) the planned time-phased baseline of the value of work scheduled.

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Definitions:

Personal Property Taxes

Taxes levied by local governments on the value of personal property such as vehicles, boats, and equipment.

FICA Taxes

Federal taxes required to be deducted from employees' wages for Social Security and Medicare, also paid in part by employers.

Adjusted Gross Income

The measure of one's taxable income, calculated as gross income minus allowable adjustments.

Deductible Contribution

A contribution to a qualified plan or account that is eligible to be deducted from the contributor's gross income for tax purposes.