Although Many Spreadsheet Templates Are Available for Download,the User Should

question 50

Multiple Choice

Although many spreadsheet templates are available for download,the user should always check for ________ before downloading or installing them.

• A) compatibility
• B) expiration dates
• C) viruses
• D) pricing information

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Definitions:

Limit

The maximum amount, quantity, or level permitted, often used in financial contexts to describe caps on deductions, contributions, or benefits.

Standard Deduction

A fixed dollar amount that reduces the income on which you are taxed, an alternative to itemizing deductions, varies based on filing status.

Tax Year

The 12-month period for which tax is calculated and paid. It can be a calendar year or a fiscal year.

Filing Joint Return

The tax filing status used by married couples who choose to combine their income and report it on one tax return.