Which of the Following Does NOT Apply to Cash Equivalents

question 74

Multiple Choice

Which of the following does NOT apply to cash equivalents?

• A) Highly-liquid
• B) Readily convertible into cash
• C) Short-term
• D) Fluctuates with the market interest rate

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Definitions:

Payroll Liabilities

Obligations arising from payroll, including amounts owed to employees for wages and salaries and amounts due to government agencies for payroll taxes.

FICA

The Federal Insurance Contributions Act; it mandates a payroll tax equally shared between employees and employers to fund Social Security and Medicare.

Time Tracking Preferences

Customizable options in time-tracking software that allow users to configure how time is recorded, categorized, and reported.

Form W-2

An official document issued by employers in the United States to report an employee's annual wages and the amount of taxes withheld from their paycheck.