An Intangible Asset Is an Asset with No Physical Form

question 37

True/False

An intangible asset is an asset with no physical form that is valuable because of the special rights it carries.

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Definitions:

Pay Period

The regular interval at which an employee receives a paycheck, such as weekly, bi-weekly, or monthly.

FICA Taxes

Taxes collected in the U.S. to fund the Social Security and Medicare programs, paid by both employees and employers.

Gross Earnings

The total income earned by an individual or a company before any deductions such as taxes or other expenses.

United Way

United Way is a non-profit organization dedicated to improving lives and strengthening communities through various support and development programs.