Official Websites That End in

question 3

Multiple Choice

Official websites that end in .gov or .edu ______.

• A) are not trustworthy sites
• B) are not as trustworthy as .com, .net, or .us sites
• C) can be more trustworthy than .com, .net, or .us sites
• D) should be avoided

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Definitions:

Property Tax

A levy on property that the owner is required to pay, usually levied by local governments based on the property's assessed value.

Prepaid Property Tax

An expense that has been paid in advance for property taxes, classified as a current asset on the balance sheet until the period the tax covers has passed.

Financial Statements

Reports that summarize the financial performance, position, and cash flows of a business, including the balance sheet, income statement, and cash flow statement.

Property Tax Liability

The financial obligation a property owner has to pay taxes based on the value of their property to local government authorities.