Which Data Types Are Typically Found in the Finance Department

question 104

Multiple Choice

Which data types are typically found in the finance department?

• A) Promotion data, sales data, advertising data.
• B) Employee data, promotion data, vacation data.
• C) Investment data, monetary data, reporting data.
• D) Transactional data, purchasing data, payroll data, tax data.

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Definitions:

Assets

Resources owned by a business or individual that have economic value and can provide future benefits.

Taxable Income

The portion of an individual's or organization's income that is subject to taxation by governing authorities.

Horizontal Equity

Horizontal equity is a principle in taxation that dictates that individuals with similar income and assets should pay the same amount in taxes.

Vertical Equity

A principle in taxation that individuals with a higher ability to pay should contribute more taxes.