Source Documents Are Usually Preprinted and Sequentially Prenumbered

question 16

Multiple Choice

Source documents are usually preprinted and sequentially prenumbered.Which of the following is not one of the reasons for this prenumbering and preprinting?

• A)To have an established format to capture data
• B)To assure that there are no duplicate source documents
• C)To be sure that all of the documents have been recorded
• D)To be sure that all of the documents are accounted for

---

Definitions:

Income Tax Liability

The total amount of income tax that an individual or business owes to the government based on their taxable income.

Income

The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as a profit from financial investments.

Marginal Tax Rate

The rate of tax applied to your income for each additional dollar of income, representing the percentage of tax applied to your last dollar of income.

Federal Income Tax

The tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.