What Is Data

question 209

Multiple Choice

What is data?

• A)Raw facts that describe the characteristics of an event or object.
• B)Data converted into a meaningful and useful context.
• C)Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making.
• D)Skills, experience, and expertise, coupled with information and intelligence, that create a person's intellectual resources.

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Definitions:

Tax Liability

The total amount of tax owed to tax authorities after all credits and deductions have been applied to gross income.

Taxable Income

The portion of income used to calculate how much the income tax is owed to the government, after exemptions and deductions are factored in.

Publicly-traded Domestic Corporation

A company registered in the U.S. that sells its stocks to the public on at least one stock exchange.

DRD

Dividends-Received Deduction, a tax deduction received by a company for the dividends it gets from its investments in other companies.