Which of the Following Is a Fixed Asset

question 3

Multiple Choice

Which of the following is a fixed asset?

• A) Inventory.
• B) Cash.
• C) Marketable securities.
• D) Long-term liabilities.
• E) Buildings.

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Definitions:

Before-Tax Income

Market income plus transfers.

Payroll Tax

Taxations placed upon employers or employees, usually based on a percentage of the income that employees receive from their employers.

Social Security System

A government program designed to provide financial support to people in retirement, disability, or to survivors, funded through payroll taxes.

Unemployment Benefits

Payments made by the government or a private entity to individuals who are unable to find employment.