No Matter How Thoroughly You Test an Application, Chances Are

question 21

Multiple Choice

No matter how thoroughly you test an application, chances are it still will contain some errors, called ____.

• A) mosquitoes
• B) bugs
• C) hoppers
• D) problems

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Definitions:

Marginal Rates

These are the tax rates that apply to each additional dollar of income, used in a progressive tax system where tax rates increase as income rises.

Average Rates

The mean amount of a rate, such as interest or tax rate, calculated by totaling several rates and dividing by the number of rates.

Taxable Income

The portion of income that is subject to tax after all deductions and exemptions have been applied according to tax law.

Tax Liability

The total amount of tax that an individual or entity is legally obligated to pay to tax authorities.