Match the Following Terms with Their Description

question 83

Essay

Match the following terms with their description:
I. Argument
II. Expression
III. Grouping
IV. Function
V. Constant
A. Combination of elements that produce a value
B. Value that does not change
C. Input used in a function
D. Predefined computation
E. Method of summarizing data

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Definitions:

Depreciation Expense

An accounting method to allocate the cost of a tangible or physical asset over its useful life.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue; often called the bottom line.

Marginal Rate

The rate at which one additional unit of a variable is accounted for in the cost-benefit analysis, commonly used in the context of taxation and production.

Tax Rate

The fraction of income or profits that an individual or company needs to pay to the government as tax.