Then 1024 kilobytes make up one megabyte. 1024 megabytes make up one gigabyte, and 1024 gigabytes make up one terabyte. A JPG file used to store a photo would be a few megabytes. The capacity of a DVD is a couple of gigabytes and an HD video can have a file size of few gigabytes.egabyte vs Gigabyte vs Terabyte. Difference between megabyte gigabyte and terabyte is a basic computer knowledge. Bit is the most basic and smallest storage unit in computing. A bit can store only whether it is 1 or 0.
Things to toss after seven years (or when you know you wonât need them any longer for taxes): 1  Child-care records. 2  Flexible-spending account documentation. 3  401(k) and retirement plan year-end statements.  IRA 1  contributions. Purchase records for investments.  Records of charitable 1  donations. Records on houses youâve  sold.
As long as you can retrieve documents easily and as long as they are readable, IRS inspectors are fine with electronic records. 4. Seven Year Rule for Record Retention(general rule) The rules on how long to keep financial records varies depending on what you are saving. For up to date tax filings, 7 years is a safe rule of thumb. Some people might say that is too long, but it is easier to follow this rule than to have to keep track how long you should keep different info. We suggest you keep tax returns for the life of your company. Scan them and save them both on and off site.. 5.