What Is VoIP

question 161

Multiple Choice

What is VoIP?

• A)VoIP uses IP technology to transmit telephone calls
• B)VoIP offers the low cost ability to receive personal and business calls via computer
• C)VoIP offers the ability to have more than one phone number
• D)All of these are correct.

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Definitions:

Tax Deductions

Expenses that can be subtracted from gross income to reduce the amount of income that is subject to income tax.

Double Taxation

A taxation principle where income taxes are paid twice on the same source of earned income, property, or financial asset.

Saving Rate

The proportion of disposable income that is saved rather than spent by households.

Tax Base

The total amount of assets or income that can be taxed by a governing authority, forming the essential revenue source.