Which Is Not an Element of Attachment

question 53

Multiple Choice

Which is not an element of attachment?

• A) the filing of a financing statement
• B) a security agreement
• C) value received by the debtor
• D) the debtor has rights in the collateral

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Definitions:

Social Security Taxes

Taxes imposed on both employers and employees to fund the Social Security program, which provides retirement, disability, and survivor benefits.

State Unemployment Credit

A tax credit offered to employers by the state, related to unemployment insurance payments.

FUTA Purposes

Relates to the Federal Unemployment Tax Act, which imposes a payroll tax on businesses to fund state workforce agencies.

Federal Income Tax

This is a tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.