Which of the Following Statements Is True

question 94

Multiple Choice

Which of the following statements is true?

• A) Payroll Tax Expense increases on the debit side of the account.
• B) FICA-OASDI Payable is a Liability.
• C) Payroll Tax Expense has a debit normal balance.
• D) All of these answers are correct.

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Definitions:

Risk-Free Rates

The return on investment that is guaranteed for a risk-free asset, where there is no risk of financial loss.

Corporate Bond Rate

The interest rate paid by corporations on their issued debt securities (bonds), reflecting the cost of borrowing for the firm and the risk perceived by investors.

Credit Card Debt

The total amount of money owed by consumers that have been accrued through the use of credit cards, often bearing high interest rates.

Loanable Funds

The money available for borrowing, influenced by savings and investments, within an economy.