An employer must pay the FUTA tax, which is ____ up to the first $7000 of the employee's income for a year, if employees' wages total more than $1500 in any quarter.

Question

Quizplus · Accepted Answer

FUTA tax rate is 6.2% on the first $7,000 of the employee's income for a year, which means the maximum amount of FUTA tax an employer has to pay per employee is $434 (6.2% of $7,000). The other options listed are not accurate FUTA tax rates.

An Employer Must Pay the FUTA Tax, Which Is ____