Asked by justin motley on May 22, 2024
Verified
An employer's federal unemployment taxes (FUTA) are reported:
A) Annually.
B) Semiannually.
C) Quarterly.
D) Monthly.
E) Weekly.
Federal Unemployment Taxes
Taxes imposed on employers to fund the federal government's oversight and support of state unemployment insurance programs.
FUTA
The Federal Unemployment Tax Act (FUTA) is a United States federal law that imposes a payroll tax on employers to fund state workforce agencies.
Annually
Relating to a period of one year, typically used in the context of financial reporting, budgeting, or payments.
- Clarify and determine the financial charges on an employer under unemployment taxation, factoring in contributions to both FUTA and SUTA.
Verified Answer
Learning Objectives
- Clarify and determine the financial charges on an employer under unemployment taxation, factoring in contributions to both FUTA and SUTA.
Related questions
KKruse Designs Has the Following Employees KKruse Designs Receives the ...
Kim Works Part-Time for Medical Assistants Inc ...
The Following Amounts Are an Expense to the Company ...
According to a Summary of the Payroll of Scotland Company ...
Payroll Taxes Levied Against Employees Become Liabilities ...