Please Match the Following Computer Concepts for Each Group

question 38

Multiple Choice

Please match the following computer concepts for each group. All answer selections will be used just once.
-Word

• A)Digital integrated circuit
• B)A string of 8 bits
• C)2 bytes
• D)1,000,000 bytes
• E)Internal memory
• F)1000 bytes
• G)Bit
• H)Optical disk

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Definitions:

Passive Losses

Losses incurred from business activities in which the taxpayer does not materially participate, often from real estate.

Partnership

A legal arrangement in which two or more people share ownership of a business, including its profits, losses, and responsibilities.

Tax Preference Items

Items or income types that receive preferential tax treatment, often reducing the tax liability for an individual or entity.

AMT Calculation

The process of determining the amount of Alternative Minimum Tax an individual or corporation owes by adjusting certain tax preference items and deductions.