The Steps in Developing a Record Retention Program Include All

question 260

Multiple Choice

The steps in developing a record retention program include all but which one of the following?

• A) determining the format and location of storage
• B) notifying the courts of the destruction
• C) assigning each record a retention period
• D) destroying records that are no longer needed

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Definitions:

Married Taxpayers

Individuals who are legally married and may choose to file income tax returns jointly or separately.

Dependents

Individuals, typically family members, who rely on another person, usually the primary earner, for financial support.

Taxable Income

The portion of income upon which tax is owed, calculated by subtracting allowable deductions from gross income.

Married Taxpayers

Individuals who are married and may choose to file joint or separate income tax returns.