Match the Terms That Follow with the Correct Definitions

question 2

Multiple Choice

Match the terms that follow with the correct definitions.
-Federal tax paid by the employee and matched by the employer

• A)Form W-4
• B)SUTA tax
• C)Employee's individual earnings record
• D)Worker's compensation insurance
• E)Form 940
• F)FICA Medicare
• G)Form 941
• H)FUTA tax
• I)Form W-3
• J)Form W-2

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Definitions:

Debit Side

The left side of an accounting ledger where increases in assets, expenses, and losses or decreases in liabilities and equity are recorded.

Credit Side

The right side of an account ledger, representing increases in liability, equity, and revenue accounts or decreases in asset or expense accounts.

Revenues

Income earned by a company from its business activities, typically from the sale of goods and services to customers.

Fees Earned

Income gained from providing services, reflecting work completed but not necessarily paid for by the client.