Which of the Following Is Not a Liability to a Bank

question 85

Multiple Choice

Which of the following is not a liability to a bank?

• A)checkable deposits
• B)NOW accounts
• C)net worth
• D)borrowings from the Fed
• E)deposits with the Fed

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Definitions:

Withholding Allowances

Amounts used to calculate how much income tax an employer should withhold from an employee's paycheck, based on the employee's personal situation.

Federal Unemployment Tax

A tax paid by employers to fund the federal government's oversight of the state unemployment insurance programs.

Copy A

This term is often associated with tax forms, where Copy A is the official part of a form sent to a tax authority, like the IRS, detailing financial information.

Form W-2

A tax form used in the United States to report wages paid to employees and the taxes withheld from them.