More options for Task Status?

Currently the only options we have for task status are complete and in-complete.

According to google, there is a way to customize these, but I can not figure out how to do it. 
Is google just making stuff up, or is it actually possible?

“In RingCentral, to access more options for a task status, you can typically click on the task itself, which will then reveal a dropdown menu allowing you to select from various status updates like "In Progress," "On Hold," "Pending," "Blocked," or even create custom status options depending on your company's workflow needs; you can also usually set percentage completion levels for tasks that require incremental updates. “