A Formula in a Cell That Contains a Reference Back

question 18

Short Answer

A formula in a cell that contains a reference back to itself is called a(n)____________________.

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Definitions:

Withholding Allowance

A figure used to calculate the amount of income tax an employer withholds from an employee's paycheck, based on factors like marital status and number of dependents.

Underpayment Penalty

A penalty charged by tax authorities for failing to pay enough of one's total tax liability by the tax deadline, often calculated as a percentage of the unpaid tax.

Adjusted Gross Income

Gross income minus adjustments, used as a base for calculating taxable income and determining eligibility for certain tax deductions and credits.

Social Security Taxes

Taxes paid by workers and employers to fund the Social Security program, which provides retirement, disability, and survivorship benefits.