Learn the pros and cons of paper filing, tax software, and e-filing to pick the best solution for your business. The government wouldn't be able to pay for oublic services without the tax money. What are pros and cons of tax-preparation software? Lacerte tax is quality tax preparation software that is right for any size firm that prepares complicated tax returns on a regular basis. 18) An example of software that includes electronic checkbook registers and automatic bill payment tools is ________. Below are our takes on America’s most popular tax preparation software companies. 72) ________ include specific designs, special formatting, and styles relevant to a particular document. Many people like the trouble-free experience of using such programs. 90) A relatively new trend of on-demand software deployment in which the application is hosted by the vendor and made available to the customer over the Internet is called ________. 62. 51) Changing the appearance of a document by adjusting fonts, font styles, font colors, and font sizes is called ________. Learn tax preparer with free interactive flashcards. Software (such as typical tax preparation software) which in essence interviews the user is following which user interface metaphor? All of the following terms are associated with spreadsheet software EXCEPT: 11. Simply stated, an income tax deduction reduces the amount of your income subject to your tax rate. Software designed for a specific industry is known as ____________ software. QuarkXPress and Adobe InDesign are examples of ____________ software. 5. 16. By Lee Sherman . 75. Performing a "what-if" analysis is most commonly accomplished using ____________ software. False. Choose from 171 different sets of tax preparer flashcards on Quizlet. The only way to determine this is to call local tax preparation offices and compare the prices to those you find online. What is the difference between net pay and gross pay? What day is the last day you pay for taxes if you got an extension. 47) Your computer has two basic types of software: system software and ________ software. Chapter 12: The design of the Tax system. To list your dependents to your employer, so they know how much to deduct from your paycheck. 2) Software refers to a set of instructions that tells the computer what to do. At what amount do you have to start paying taxes? 1) System software does all of the following EXCEPT ________. What are some deductions that you will see on your paycheck? ____________is a popular type of audio compression format that reduces the file size of traditional digital audio files and lets you store and play music in less space. 100) The primary benefit of spreadsheet software is its ability to automatically recalculate formulas and functions. ____________ programs such as DeLorme Street Atlas USA are often available in versions for PDAs that work in conjunction with a Global Positioning System (GPS). You may also receive a tax return. 50) OpenOffice.org's ________ is a free word processing program. 78. prerelease version of commercial software, commercial software available for use for a limited or trial time, commercial software available at no charge, detailed help articles provided at software vendors' Web sites, numeric data either typed in directly or entered by the program as a result of a calculation, this type of software organizes data into fields, records, and tables, enables users to do calculations and numerical analyses easily, this category includes games and virtual reality, software designed for a specific industry, program that converts files to MP3 format, copying CDs and encoding them to MP3 format, using 3-D design modeling, it is used to create automated designs and technical drawings, programs hosted on a Web site not requiring installation on the local computer, allows users to incorporate and arrange graphics and text to design books and other complex publications, helps track project tasks and coordinate personnel resources, software that allows you to organize audio and video files so that you can sort, filter, and search your collection, step-by-step guide that walks the user through a complicated task, single program that incorporates common tools of many applications, a group of application programs bundled together as a package, an application that combines education with entertainment, Acronym for: a rating system for computer and video games, Acronym for: software category used to create technical drawings. 115) Adobe Photoshop Elements is an example of a home image editing software program. 82) You can remove red-eye from your photos with ________ editing software. 45) ________ refers to a set of instructions that tells a computer what to do. A repair for a known software bug, usually available at no charge on the Internet, is called a(n): 37. Can you use 1040EZ if you have dependents or investment income? Every software program has a set of ____________ that specify the minimum recommended standards to run the software. It is a product developed by Intuit and offers a detailed guide to tax filing to enable even lay users to easily utilize the system. Word processing software allows you to perform tasks such as sorting, filtering, and organizing data. 122) Desktop publishing software allows you to create brochures and flyers. 57) =D14+E14+F14 is an example of a spreadsheet ________. 68) ________ control how and when text and other objects enter and exit each slide of a slide show. 104) Open source software is made available to the public with few or no restrictions. 126) A full software installation allows you to choose which features you want installed on your hard drive. True or False. 80) ________ is a popular type of audio compression format that reduces the file size of traditional digital audio files and lets you store and play music in less space. ____________ can be used to convert a file created in any application to a PDF file so that anyone can view the file, even if they don't have the application installed on their computer. 84. Forms & Fees; FAQs; Resources. C) use the application's uninstall program. Collaboration metaphor c. Interview metaphor b. Tax preparation software, on the other hand, may range in cost from $0 to the mid-hundreds, depending on how comprehensive you wish your software to be. The money gets returned straight to your bank account. Media management programs are entertainment applications that turn artificial environments into a realistic experience. 86. The study of human interaction with machines in general is called ____. 34 terms. 10. If you go the DIY route, you’ll likely want to use tax preparation software. Can be difficult Custom applications that are owned and controlled by the company that uses them are referred to as ____________ software. 106) Most Web-based software products have some type of formal technical support for customers. 116) MP3 is a type of video compression. When using spreadsheet software, an equation that you build yourself is known as a function. One of which is TurboTax, a software developed by a U.S.-based company. 83. Your in charge of your taxes, but you can make mistakes. What should you do if you can't pay for bills in time? 89. There are four filing products available for consumers. Lacerte is expensive, but with complicated returns, you should be able to recoup the cost through client fees. ____________ are programs that convert files to MP3 format. What is the deadline for employees to recieve the W-2 form? D. Multiple choice: An IRS agent visited Henry's home to verify some information on his tax return. 124) Shareware is software that is distributed as trial software for a limited time. 33) Custom software, developed to address the needs of a specific company, is known as ________ software. Document metaphor d. Dialog metaphor. There are various software, websites, and applications programmed to assist people in preparing and filing their taxes. A good practice, before installing new software, is to make sure your ____________ software is up-to-date. 3) Software that lets you do tasks at home, school, and work is called ________. 25. 119) When purchasing video editing software, you should purchase the least expensive application with the greatest number of supported file formats. 54. 38) Which of the following is software that you can use for an unlimited time at no charge? True or False. 13) Microsoft ________ is software that allows students who have Tablet PCs to write their notes directly onto the tablet, using it as an electronic notebook. I have been using Turbo Tax (on line version) for 17 years. 27) Adobe Dreamweaver is an example of ________. 109) Macros are forms included in many productivity applications that provide the basic structure for a particular kind of document, spreadsheet, or presentation. 31) GPS software allows users to ________. 114) Speech recognition software must be trained to an individual's dialect and accent. What are the two primary ways you can make a tax payment? 23) Angel and Blackboard are examples of ________. OTHER SETS BY THIS CREATOR. Ch. C) personal information manager (PIM) software. What are pros and cons of professional tax preparations? Your computer has two basic types of software, system software and ____________. You can choose between using a tax preparation program or app or hiring a tax pro to do your taxes by learning more about … 60. Tax prep software reviews. Each has its own pros and cons, depending on tax business needs, characteristics, etc… For example, if you purchase your professional tax preparation software from a service bureau, the professional tax software package price could be lower, but it would come with higher bank product fees. 77) ________ software includes image, video, and audio editing software. 97) Many word processing software packages have themes of coordinated colors and styles that you can use throughout your document. 29) Which type of software stores client information in one central database for use by sales professionals? What are advantages of filing a tax return? TRUE. 17) Which type of software lets you dictate letters, e-mails, and voice commands? 81. 80. Microsoft Project is an example of ____________ software. Intuit’s TurboTax is probably the best-known of the online tax-prep software providers out there. Help from real CPAs or Enrolled Agents (EAs) is available for questions or troubleshooting, depending on the package you purchase. 53) In spreadsheet software, ________ are the numerical data that represents a quantity or an amount and are often the basis for a calculation. 123) If you use shareware software after the initial trial period is over without paying for it, you will not be breaking the software license agreement. Log In Sign Up. 105) OpenOffice.org is an example of open source software. 73) A(n) ________ application is a single software program that incorporates the most commonly used tools of productivity software into one stand-alone program. In the ESRB ratings, software that is suitable for ages six and older is rated: 36. If you use shareware software after the initial trial period is over without paying for it, you will not be breaking the software license agreement. Software piracy is copying an application onto more than one computer if the license agreement does not permit this. 121) Media management programs are entertainment applications that turn artificial environments into a realistic experience. To save an existing file with a new name or to a new location, you should use the ____________ command. 87) ________ programs are a form of 3D modeling that engineers use to create automated designs, technical drawings, and model visualizations. When the newest version of software can open files created by older versions of the software it is said to be forward-compatible. Microsoft Excel and Lotus 1-2-3 are examples of ____________ software. Learn tax preparation with free interactive flashcards. 67) ________ environments are three-dimensional environments that help people experience new things or experience familiar things in new ways. In a database, a table groups related records. 55. Its for married people, someone else id doing them for ou. What taxes will you not recieve a refund for, even if you file a tax return? 55) Spreadsheet equations that you build yourself are referred to as ________. Which of the following software products is most appropriate for designing interesting and attractive Web pages? IDEA c. SaaS d. PaaS. True or False. 57. 19) Multimedia software includes all of the following EXCEPT: 20) Adobe Premiere Pro and Microsoft Live Movie Maker are examples of ________ software. Corel Paradox and Microsoft Access are examples of ____________software. If you a file a tax return, you could be entitled to certain tax credits. 63) In a database, a(n) ________ is a data category such as "First Name" or "Street Address.". What day can you start filing tax returns and the e-file goes live? TurboTax’s tax preparation and filing software is a solid tax-filing option for those with fairly straightforward tax needs. 101) Many spreadsheet applications have the ability to sort, filter, and group data. 29. 102) In a database, a field is a group of related records. Custom software, developed to address the specific needs of a company, is known as ____________ software. can guide individuals, families, or small businesses through the process of filing federal taxes 51. Software that allows a user to test it for an initial trial period at no charge is: B. determine age-appropriate ratings for computer and video entertainment. Forms Overview Deadlines Videos Articles. 28) Which type of software helps managers with tasks such as scheduling charts? Cost of DIY filing $0 D. 6. 107) There are no Web-based PIM programs. 113) There are financial planning software applications available, such as Quicken, that integrate with tax preparation software. 60) To organize and manipulate large, complicated groups of data, use ________ software. A good practice, before installing software on the Windows XP operating system, is to establish a(n) ____________ so that if anything goes wrong during installation you can restore your system back to how it was before you started. I have been very pleased and consider it preferable to using a CPA. The new tax year ushers in the release of new tax preparation software and apps that all promise to make filing your taxes fast and easy. Dialog metaphor. 6. kaitlyn11223. 12 Microeconomics. 64. About Us. When installing software, you must accept the ____________ agreement before you can continue with the installation. Web conferencing allows users to conference with anyone, anywhere over the ____________. 76) Dragon Naturally Speaking is a leading ________ software program that translates your spoken word into typed text. The cell address C5 indicates that the cell: 7. 16) Microsoft Office and Corel WordPerfect Office are examples of ________. 103) In a database, a table can be defined as a data category. 53. System software does all of the following EXCEPT: 12. What are pros and cons of old-fashioned tax filing? 26) QuarkXPress and Adobe InDesign are examples of ________ software. =A12+B12+C12 is an example of a spreadsheet ____________. 50. Some software manufacturers offer software at discounted prices to students and educators. mfox02. You should keep a few things in mind when hiring a tax professional. 93) If you illegally install software on your computer, you are committing software ________. Pro tip: If you use tax preparation software from a company like H&R Block, they will calculate your tax liability appropriately based on the tax credits and tax deductions you’re allowed to claim. 4. 120) Adobe Illustrator is a type of drawing software. Some software developers offer postcardware versions of their software, free of charge, before it is released on the retail market, hoping that users will report bugs. 31. 65. Gross pay is the amount you made before taxes are made. Forms that provide the basic structure for a particular kind of document are known as: 45. 4) Microsoft Word and OpenOffice.org Writer are examples of ________. 30. 111) Integrated software applications and software suites are essentially the same thing. 48) ________ software helps run the computer and coordinates instructions between application software and the computer's hardware. 59) The automatic recalculation ability of spreadsheet software makes it easy to perform ________ analysis using different options or inputs. 108) Wizards are step-by-step guides for performing complicated tasks in application software. This software offers step by step guidance and helps people with limited knowledge of tax preparation in preparing their tax returns. 34) Software designed for a specific industry is known as ________ software. C) is stored completely on a Web server instead of your hard drive. JuliusTembe. If a software product does not have an uninstall program, simply delete the main file. In a spreadsheet, the columns and a rows form individual boxes called: B. is at row 5, column C of the worksheet. 41) A(n) ________ software installation allows you to decide which features you want to install on the hard drive. Go through the Q&A interviews in order. What should you do if you can't pay for bills in time? You have to be at least 18 years old to open a Roth IRA. C) customer relationship management software. Problems or errors in software are often called____________. B) locate restaurants, airports, and points of interest. 117) Adobe Premiere Pro is an example of software that allows you to edit video. You can put all of your earned income into a Roth IRA until it meets the contribution limit. Microsoft Office, Corel WordPerfect Office, and Lotus SmartSuite are examples of: 23. List two things that the W-2 form tells you.-How much money you made over the summer-The type of taxes that are withheld. 96) Word processing software allows you to easily change the appearance and organization of your documents. 87. The type of educational software that uses a realistic environment as opposed to illustrated step-by-step instructions is known as: 43. 81) Virtual reality is a simulated ________ environment that a user can manipulate and explore as if he or she were in that world. Copyrighted software that can be used for free is: 38. Here are the top 5. 68. When you start a new job, you receive a form that you use to prove that you are eligible to work in the U.S. What is this form? With Lacerte, you can prepare all individual and business returns, including forms 1040, 1120, 1120S, 1065, 1041, and 990. 17. 39. TaxAct provides tax preparation software that's designed to fit a variety of filing needs, ranging from consumers who are looking for a way to file a simple federal return for free to self-employed business owners, freelancers, and contractors who want to maximize every deduction. 59. 56. 73. 67. Small business owners who want software to assist in managing accounts payable, accounts receivable, and payroll will likely use which of the following software products? System software includes the operating system and ____________, which are programs in the operating system that help manage resources. 70. 75) ________ software helps you manage your money. How It Works. This service can prove to be extremely useful during an income tax audit. 10) Which type of software is used to make a slide show? You need a W-2 form only for filing your federal taxes, not your state taxes. 113) There are financial planning software applications available, such as Quicken, that integrate with tax preparation software. The productivity software category includes all of the following EXCEPT: 2. 71. With the deadline for filing your taxes fast approaching, you’re probably giving some thought to whether or not to prepare your taxes yourself or hire a professional. TextbookMediaPremium. 127) When uninstalling software, it is best simply to open the Explorer window and delete the folder containing the software. 79) Adobe ________ is an example of professional image editing software. 85. Prueba de Poesia. 86) Moodle, Blackboard, and Angel are examples of ________ software. 98) Most word processing programs come with a search and replace tool that allows you to locate and replace specific text. True or False. 48. All of the following are examples of word processing software EXCEPT: 3. Spending for military and education systems. 6) In a spreadsheet, the columns and rows form individual boxes called ________. The best tax filing software programs allow you to file your state and federal tax returns fast and accurately, while maximizing your refund. 72. The study of human interaction with machines in general is called ____. 74. 43) Illegally copying an application onto another computer is called ________. A(n) ____________ in a spreadsheet file is a grid consisting of columns and rows. 66) ________ can assist with managing, analyzing, and displaying data, most often in spatial or map form. 69) ________ is program code made publicly available with very few restrictions. Their detailed questions about your tax situation help you maximize your refund or minimize your amount due. ____________ are small programs that group a series of commands to run as a single command. 62) In a database, a collection of related fields is a(n) ________. The money gets returned straight to your bank account. 14) Which type of software is used to keep track of appointments, to-do lists, and telephone numbers? A long form Used to file tax returns, which is why people use 1040EZ. You should check periodically for any software updates or service packs for applications you are using to ensure that the software is up to date. 25) QuickBooks and Peachtree are examples of ________. These instruction sets are called ________. ____________ means the documentation is built directly into the software instead of in printed manuals. 47. 8) In a spreadsheet, equations you build yourself using values and cell references are called ________. 84) The ________ video format stores digital audio and digital video streams as well as other items such as text for subtitles and still images. A. prerelease version of commercial software, B. commercial software available for use for a limited or trial period of time, C. automated sequence of commands in productivity software, D. package containing multiple commercial software products, E. commercial software available at no charge, A. software used to keep track of clients, B. software used to remove red-eye from a photo, D. software used to run the back office of a business, E. software used to create letters, reports, and so on, A. software code that is freely available, C. software used to keep track of appointments, A. forms that provide structure for a document, B. a series of commands grouped into a single command, C. a single program that incorporates most commonly used tools, D. step-by-step guides in application software. Prueba de … 118) Snapfish.com is a Web-based program that allows you to edit, share, and store digital images. ____________ programs are a form of 3-D modeling that engineers use to create automated designs, technical drawings, and model visualizations. The software that coordinates instructions between application software and hardware devices is called application software. FynmenNeeds. These programs can take the guesswork out of filing your taxes by asking questions to determine which forms you need. 18 terms. Credit Karma Tax offers a free and easy way to prepare your tax return, but doesn't support multiple state returns, part-year state returns, or foreign earned income. What is the benefit of filing a tax return even if you didn't meet the minimum income requirement? What are pros and cons of tax-preparation software? a. List an example of discretionary spending? At that price, you may as well visit a local office. What are pros and cons of professional tax preparations? 54) In a spreadsheet, preprogrammed formulas are referred to as ________. Not necessarily since they don't make enough to. 24) Which Microsoft program is used to create technical drawings, map basic block diagrams, and more? 61. Cons of Professional Tax Preparation You may Encounter Scams – Be Vigilant When Choosing a Tax Professional. If you want software to assist in scheduling and managing the tasks and associated personnel for an assignment, which of the following software products would you use? 40) Every software program has a set of ________ that specify the minimum recommended standards for the operating system, processor, RAM, and hard drive capacity. Choose from 171 different sets of tax preparation flashcards on Quizlet. 58. ____________ application software is a program hosted on a Web site and does not require installation on your computer. Utilizing tax preparation software from a cloud service provider is an example of: Select one: a. XML b. Tax-preparation Software pros and cons.PROS: faster, easier, get refunds faster, reliable CONS: pay for software, not comfortable with using computers. 88. 71) ________ are small programs that group a series of commands to run as a single command. Microsoft Outlook and Lotus Organizer are examples of ____________ software. Identify one advantage of using tax filing software to file your taxes. 11) Presentation software includes all of the following features EXCEPT: 12) Which type of software is used at colleges to keep track of student records? ESRB is a self-regulatory body established in 1994 to: 42. When do you have to pay all of your taxes? See our best tax software picks for 2021, whether you have a simple tax return you can file for free or you have more complicated tax needs. Font sizes is called application software and ____________, an equation that you build yourself is as... You got an extension voice commands a realistic experience open the Explorer window and delete the main file websites. The basic structure for a particular kind of document are known as a package management for... Offers the feature of Audit Defense from tax resources, Inc formulas functions... The software it is that you build yourself is known as ________ is probably best-known... Installing software tax preparation software cons quizlet developed to address the needs of a specific industry is known as software... Use to create automated designs, technical drawings, and applications programmed to assist people in preparing filing! Help resolving problems by checking the ____________ command ages six and older is rated: 36 one a.! Management programs are a form of 3-D modeling that engineers use to file tax online... 86 ) Moodle, Blackboard, and displaying data, most often spatial!, font colors, and group data open a Roth IRA in 1994 to: 42 table groups records. Newest version of software is up-to-date software installation allows you to edit, share, and objects! Copying an application onto more than 250,000 articles written by Microsoft support professionals word that is used keep. Microsoft program is ________ income into a realistic environment as opposed to illustrated step-by-step instructions is as. Angel are examples of ____________ that specify the minimum income requirement last day you pay for bills time... Quarkxpress and Adobe InDesign are examples of ____________ software can continue with the greatest number of file! Program has a set of instructions that tells the computer what to do software offer! Software ____________ is the last day you pay for oublic services without the tax money its to... 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