Match each of the following terms with the appropriate definitions.
-A bank authorized to accept deposits of amounts payable to the federal government,including payroll taxes.
A)Short-term note payable
B)Deferred income tax liability
C)Current liabilities
D)Warranty
E)Employee benefits
F)Federal depository bank
G)Payroll register
H)Gross pay
I)Payroll bank account
J)Times interest earned

Question

Quizplus · Accepted Answer

A federal depository bank is specifically designated to handle deposits for the federal government, including those related to payroll taxes. This type of bank is authorized to accept such deposits, ensuring that funds directed towards the government, such as taxes withheld from employees' paychecks, are processed correctly and efficiently.

Match Each of the Following Terms with the Appropriate Definitions