____________________ Is the Process of Writing Off the Cost of Tangible

question 166

Short Answer

____________________ is the process of writing off the cost of tangible assets and ____________________ is the process of writing off the cost of intangible assets.

---

Definitions:

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance, a U.S. payroll tax funding Social Security.

FUTA

Stands for Federal Unemployment Tax Act, which imposes a payroll tax on employers to help fund state workforce agencies.

SUTA

State Unemployment Tax Act; a type of payroll tax that employers must pay to the state government to fund unemployment benefits.

FICA-OASDI

The Federal Insurance Contributions Act component for Old-Age, Survivors, and Disability Insurance, a payroll tax paid by employers and employees to fund Social Security.