A Government Security Issued in Minimum Units of $100 with a 30-Year

question 32

Multiple Choice

A government security issued in minimum units of $100 with a 30-year maturity is called a:

• A)subordinated bond.
• B)Treasury bill.
• C)Treasury note.
• D)Treasury bond.
• E)savings bond.

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Definitions:

Withholding Allowances

Deductions allowed on a paycheck, used to be calculated to reduce the amount of income tax withheld from an employee's salary.

FUTA Taxes

Federal Unemployment Tax Act taxes, which are payroll taxes paid by employers to fund the unemployment insurance system.

Liability

A company’s or individual’s legal financial debts or obligations that arise during the course of business operations.

Percentage Method

An IRS method for calculating the amount of taxes to withhold from an employee's paycheck based on income brackets.