Through August 2015, Which of the Following Approximates the Amount

question 59

Multiple Choice

Through August 2015, which of the following approximates the amount of dividends and assessments that the U.S.Treasury has received from entities participating in the TARP Capital Purchase Program?

• A)$20.1 billion.
• B)$1.2 billion.
• C)$34.6 billion.
• D)$16.0 billion.
• E)$26.25 billion.

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Definitions:

Salaries Payable

An account containing the total amount of salary expense that has been incurred by a company but has not yet been paid out to employees.

Employer Payroll Tax Expense

Taxes paid by employers based on the salary and wages of employees, including social security and Medicare taxes in the United States, among others.

Social Security Tax

Social Security Tax is a payroll tax collected by employers and employees in the United States to fund the Social Security program, providing benefits for retirees, disabled individuals, and survivors.

Medicare Tax

A federal tax that funds Medicare, a healthcare program for those age 65 and over, deducted from employee earnings and matched by employers.