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Your Textbook Differentiates the Terms "Data", "Information" and "Knowledge

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Your textbook differentiates the terms "data", "information" and "knowledge". Information is derived or calculated from data, whereas knowledge is something based on human intuition and may provide insights more powerful than those based on data and information.


Definitions:

Wage Income

Earnings received from an employer for labor or services performed, typically calculated on an hourly, daily, or piecework basis.

Form W-2

The form used by employers to report an employee's annual wages and the amount of taxes withheld from their paycheck.

Form 1099-G

A tax form used to report certain types of payments, including unemployment compensation, state or local income tax refunds, and other government payments.

Primary Sources

Original documents, materials, or evidence directly related to a topic, used in research to provide firsthand information.

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