Rena and Ronald,a Married Couple,each Earn a Salary of $200,000

question 17

Multiple Choice

Rena and Ronald,a married couple,each earn a salary of $200,000. They will be required to pay additional payroll taxes in 2014 of

• A)$0.
• B)$1,350.
• C)$1,800.
• D)$5,800.

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure by the lender if the borrower defaults.

Equity Financing

Raising capital through the sale of shares in a company, offering investors ownership interests.