Asked by bresha willis on Jun 03, 2024
Verified
There is no limit on the amount of taxes paid for SUTA.
SUTA Limit
The maximum amount of earnings on which an employer is required to pay State Unemployment Tax Act taxes.
- Differentiate among various taxes and costs documented in payroll accounting, such as federal, state, and unemployment taxes.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
False
Explanation :
SUTA (State Unemployment Tax Act) taxes have a wage base limit, meaning there is a maximum amount of earnings per employee that can be taxed in a year.
Learning Objectives
- Differentiate among various taxes and costs documented in payroll accounting, such as federal, state, and unemployment taxes.