Which One of the Following Methods of Communication Should Be

question 17

Multiple Choice

Which one of the following methods of communication should be used when the sender requires quick and accurate feedback?

• A) voicemail
• B) face-to-face
• C) e-mail
• D) instant messaging

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Definitions:

Nontaxable Return

A financial return or distribution that is exempt from taxes, such as certain gifts or inheritances.

Fiscal Year-End

The end of a 12-month period used for accounting purposes and preparing financial statements, not necessarily aligning with the calendar year.

Quarterly Estimated Payments

Tax payments made each quarter by self-employed individuals and others who do not have taxes withheld from their income.

Estimated Payment

Periodic payments made towards expected tax liability before the due date to avoid penalties.