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Which of the Following Is the Practice of Storing All

question 7

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Which of the following is the practice of storing all your files online and using a device simply to access them?


Definitions:

3%

An interest rate, tax rate, or other percentage that signifies a portion or rate out of a hundred.

Failure to File Penalty

A penalty imposed by tax authorities on taxpayers who do not file their tax returns by the due date.

Tax Liability

The total amount of tax that individuals or businesses are legally obligated to pay to a taxing authority.

Qualifying Child

A dependent child who meets specific IRS criteria concerning relationship, age, residency, support, and joint tax filing status, for tax benefits.

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