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NAME: DATE: PERIOD: PSD 304 Skill sheet #1 CRS SKILLPerform computations on data from tables and graphsLEVEL Level 1 Review Skill PSD 202 Level 2 Focus Isolation PSD 304 Level 3 Focus Context PSD

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What is computations?

Computations refer to the process of calculating or determining numbers, figures, or results based on specific calculations.

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Individuals or entities who are required to report financial or numerical information to relevant authorities are required to file computations.

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Computations can be filled out manually or using software, following the specific guidelines and instructions provided.

What is the purpose of computations?

The purpose of computations is to accurately calculate and report financial or numerical data for various purposes such as tax reporting, financial analysis, or compliance requirements.

What information must be reported on computations?

Information such as income, expenses, deductions, credits, and other relevant financial data must be reported on computations.

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