Which of the Following Is a Way of Perfecting a Security

question 85

Multiple Choice

Which of the following is a way of perfecting a security interest?

• A)Mere attachment of security interest
• B)Filing a private notice
• C)Creditor making a private sale of the collateral
• D)Debtor retaining the possession of the collateral

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Definitions:

FICA Tax Rate

The combined rate for Social Security and Medicare taxes in the United States, paid by both employees and employers.

Payroll Deduction

Amounts withheld from an employee's salary by an employer for taxes, benefits, and other legally permitted or voluntary deductions.

Regular Hourly Wage

This is the standard amount of money paid to an employee for each hour of work, excluding overtime rates or bonuses.

Net Pay

The amount of an employee's earnings after all deductions, such as taxes and retirement contributions, have been withheld.