CASE: You Were Given a New Computer for Your Birthday

question 94

Multiple Choice

CASE: You were given a new computer for your birthday. You are excited to try out all the new apps. You have learned in class that it is important to set the privacy settings correctly so you can manage what you share.

• A) Microphone
• B) Messaging
• C) Account info
• D) Speech, inking, & typing

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Definitions:

Exemption Amount

The portion of an individual's or entity's income that is not subject to tax, reducing taxable income.

Tax Return

The form or forms used to report income and file income taxes with tax authorities, including information on income earned, deductions, and credits claimed.

Taxable Income (TI)

This term refers to the gross income of an individual or corporation, less any allowable tax deductions or exemptions, which is subject to taxation by governmental authorities.

Adjusted Gross Income (AGI)

A measure of income calculated from your gross income and used to determine how much of your income is taxable after certain deductions are applied.