Nate Needs to Back Up the Data on His Computer

question 37

Multiple Choice

Nate needs to back up the data on his computer. One of the first things Nate needs to decide before backing up his data is ______.

• A) the type of backup to create
• B) how much time the backup will take
• C) how much space is available on his hard drive
• D) what he should name his backup file

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Definitions:

IRS Method

A term not specifically defined but often refers to the procedures, formulas, or rules established by the IRS for calculating taxes, deductions, and credits.

Royalty Income

Income derived from the use of an individual's property, such as patents, copyrights, music, or books, typically based on a percentage of revenues.

Schedule E

A form used by the IRS for taxpayers to report income and expenses from rental real estate, royalties, partnerships, S corporations, trusts, and residual interests in REMICs.

Royalty Income

Income earned from the right to use intellectual property or natural resources.