<span>Tax exemption refers to a monetary exemption which reduces taxable income. Tax exempt status can provide complete relief from taxes, reduced rates, or tax on only a portion of items.</span>
There are six basic functions of IT.
1. Capture: Compiling detailed records of activities.
2. Processing: Converting, analyzing, computing and synthesizing all forms of data and information.
3. Generation: Organizing information into a useful form.
4. Storage: Retaining information for further use.
5. Retrieval: Locating and copying stored data or information for further processing or for transmission to another user.
6. Transmission: Distributing information over a communication network.
~ usually represents the home directory( or the directory from which each user's repository is immediately accessible.
none of the options are necessarily correct
