________ Are Specific Controls Unique to Each Computerized Application,such as Payroll

question 59

Multiple Choice

________ are specific controls unique to each computerized application,such as payroll or order processing.

• A)Output controls
• B)Input controls
• C)Application controls
• D)General controls

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Definitions:

Coverdell Education Savings Account

A savings account that allows money to grow tax-free when the funds are used for education expenses.

AGI

Adjusted Gross Income, which is gross income minus adjustments, serving as the basis for calculating taxable income.

Annuity Contract

A financial product sold by an insurance company that provides guaranteed income over a period of time for a flat or periodic payment.

After-tax Dollars

Money that an individual has left over after all income taxes have been deducted, which can then be invested or spent.