Define the Ultimate Goal of AI and Describe Few Current

question 14

Essay

Define the ultimate goal of AI and describe few current examples of how AI is being used throughout industries.

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Definitions:

Standard Deduction

A portion of income that is not subject to tax and can be used to reduce a taxpayer's taxable income.

Joint Return

A tax return filed jointly by a married couple, combining their incomes, exemptions, and deductions.

Taxable Income

The portion of an individual's or corporation's income used as the basis for calculating the amount of tax owed to the government.

Standard Deduction

A preset tax deduction amount that reduces taxable income, not requiring itemization.