A(n)________ Power of Attorney Is a Written Document,created by a Principal,expressing

question 124

Multiple Choice

A(n) ________ power of attorney is a written document,created by a principal,expressing his or her wishes for an agent's authority not to be affected by the principal's subsequent incapacity,or for the agent's authority to become active only after a principal becomes incapacitated in any manner.

• A)general
• B)specific
• C)localized
• D)durable
• E)equitable

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Definitions:

General Journal Entry

A record in the accounting journal that represents a specific financial transaction, detailing the accounts affected and the amounts involved.

Payroll

The total amount of wages, salaries, bonuses, and deductions a business pays to its employees.

FICA-OASDI Payable

The amount owed by an employer or employee for Social Security and Medicare taxes, to be paid to the IRS.

FUTA Payable

A liability account that records the amount owed by a company for the Federal Unemployment Tax Act contributions, payable to the federal government.