________ Bonds Are Characterized by Interest Payments That Are Required

question 88

Multiple Choice

________ bonds are characterized by interest payments that are required only when earnings are available.

• A) Floating rate
• B) Income
• C) Mortgage
• D) Junk

---

Definitions:

Asset Accounts

Representations on a balance sheet of value held, including cash, property, and equipment owned by the entity.

Regular Earnings

The standard amount of income received by an employee before any deductions or overtime.

Form 941

A quarterly federal tax form filed by employers to report income taxes, Social Security tax, or Medicare tax withheld from employees' paychecks, and to pay the employer's portion of Social Security or Medicare tax.

Employee Deductions

Amounts withheld from an employee's paycheck, often for taxes, insurance premiums, retirement contributions, and other benefits.