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Newage,Inc

question 7

Multiple Choice

Newage,Inc.has developed a technically complex software to track consumer buying behavior.It is extremely high priced and is being sold to a large departmental store chain.Specialized knowledge is required by units of the buying organization in order to use the software optimally.The company is most likely to use _____ in this situation. 


Definitions:

Deductible

An amount that can be subtracted from income before calculating the amount of tax owed, often related to expenses incurred.

Alimony Deduction

A tax deduction that allows individuals to subtract alimony payments made to a former spouse from their taxable income.

Cash Payments

Financial transactions involving the transfer of currency or check from buyer to seller without the use of credit.

Dependent Child

A child who meets certain IRS criteria allowing a taxpayer to claim them for tax benefits.

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