Avoid using words that are not in ____________________

Which one of the following is true of Social Security benefits?

A. Benefits are taxed as ordinary income at both the federal and state level. B. Workers who meet requirements receive retirement benefits according to age and earnings history. C. Workers are not required to meet any eligibility rules to receive benefits. D. The cost of the program is borne entirely by the employees who pay a payroll tax. E. The program covers railroad and federal, state, and local government employees.

Following is a list of account balances of Surburban Lawn Services as of December 31 of the first year of operation

Accounts Receivable $4,000 Accounts Payable 6,000 Salaries Expense 7,000 Repairs Expense 600 Truck 10,000 Equipment 9,000 Notes Payable 8,300 Cash 7,200 Supplies Expense 1,500 Service Revenue 31,000 Gasoline Expense 3,100 Salaries Payable 300 What is the amount of total liabilities at the end of the year? A) $14,600 B) $26,800 C) $23,700 D) $14,300