_____ = Current Assets/Current Liabilities

question 60

Multiple Choice

_____ = Current Assets/Current Liabilities

• A) Acid Test
• B) Current Ratio
• C) Debt Ratio
• D) Assets Turnover ratio
• E) Net Current Margin

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Definitions:

Payroll Taxes Expense

Taxes that employers are required to pay based on the wages and salaries of their employees, such as Social Security and Medicare taxes.

FICA Tax

A U.S. federal payroll tax used to fund Social Security and Medicare, distributed between employees and employers.

FUTA Tax

A United States federal tax levied on employers to fund state workforce agencies and unemployment benefits.

SUTA Tax

State Unemployment Tax Act; a tax that employers are required to pay to the state government to fund unemployment benefits for workers who lose their jobs.