Payments of FUTA are made quarterly to a federal depository bank if the total amount due exceeds
$500.

Name: Payments of FUTA are made quarterly to a federal depository bank if the total amount due exceeds $500.
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Question

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According to the IRS, FUTA payments are made quarterly to a federal depository bank only if the total amount due is more than $500. If the total amount due is less than $500, the payment can be carried over to the next quarter or paid annually.

Payments of FUTA Are Made Quarterly to a Federal Depository