Match Each of the Following Terms with Its Definition

question 62

Multiple Choice

Match each of the following terms with its definition.
-A benefit derived from the creation of an information system that cannot be easily measured in dollars or with certainty.

• A)intangible benefit
• B)intangible cost
• C)one-time cost
• D)recurring cost
• E)tangible benefit
• F)tangible cost

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Definitions:

Home Games

In the context of business and finance, this term does not have a specific definition and might not be relevant. If it refers to games played at a team's own facilities, it's more commonly associated with sports than business or accounting.

Payroll Taxes Expense

The cost incurred by employers for taxes associated with employee salaries, such as Social Security and Medicare taxes.

FICA Social Security Taxes

Taxes collected under the Federal Insurance Contributions Act that fund Social Security and Medicare programs.

FICA Medicare

The portion of the U.S. Federal Insurance Contributions Act tax that funds Medicare, providing health insurance to individuals over 65 and some younger with disabilities.