Unemployment Insurance Is Financed by a ________ on Covered Wages

Unemployment insurance is financed by a ________ on covered wages.

A) 7.65% federal tax on covered wages up to $7,000
B) 6% federal tax on covered wages up to $7,000
C) 5.4% federal tax on covered wages up to $87,000
D) 6% state tax on covered wages up to $7,000