Intranets Use Standardized Protocols to Describe and Transfer Data from One

question 31

True/False

Intranets use standardized protocols to describe and transfer data from one company in such a way that those data can automatically be read,understood,transcribed,and processed by different computer systems in another company.

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Definitions:

Taxpayer Efficiency

The degree to which tax revenues are collected and used in an effective, cost-efficient, and minimal waste manner by the government.

Lump-Sum Tax

A tax that is a fixed amount, no matter the change in circumstance of the taxed entity.

Marginal Income Tax Rate

The rate at which the last dollar of a taxpayer’s income is taxed, indicating the percentage of an additional dollar of income that will be paid in taxes.

Tax Schedule

A chart or table that displays tax rates applied to various income levels, dictating how much tax is owed based on income.