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Question 19 (5 points) Match each poroll item that follows to the one item (a-fthar best describes is characteristics Federal unemployment compensation tax (FUTA) 1. Amount is limited, withheld from employee only Federal income tax 2. Amount is limited, withheld from employee and matched by employer 3. Amount is limited, paid by employer only FICA-Medicare 4. Amount is not limited, withheld from employee only State unemployment compensation tax (SUTA) 5. Amount is not limited, withheld from employee and matched by employer FICA - Social security 6. Amount is not limited, paid by employer only Question 20 (5 points) Match the following terms of places in (a-g) with the explanations in 1-8. Tarms or phrases may be used more than Once Probable likelihood and estimable liability Measures the "instant" debt-paying ability of a company 1. Current ratio Probable likelihood of a liability but cannot be estimated 2. Working capital (Cash - Temporary investments - Accounts receivable) Current liabilities 3. Quick assets Remote contingent liability 4. Quick ratio 5. Record an accrual and disclose in the notes to the financial statements Current assets - Current liabilities 6. Disclose only in notes to financial statements Current assets. Current liabilities 7. No disclosure needed in notes to financial statements Cash + Temporary investments + Accounts receivable Reasonably possible likelihood of a liability

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