What is true regarding FUTA?
A) It is a payroll tax owed by the business and reported annually on a tax form 940.
B) It is a payroll tax owed by the business and reported quarterly on form 941 and annually on tax form 944.
C) It is a payroll tax owed by the business and reported quarterly on form 940.
D) It is a payroll tax shared by the employer and employee and reported quarterly on form 941 and annually on tax form 944.
Correct Answer:
Verified
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Q15: The most time-consuming task involved in payroll
Q16: How is Federal Tax Form 944 different
Q17: Which selection below is FALSE regarding payroll?
A)Payroll
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