FUTA requires employers to pay a federal unemployment tax on the first $7,000 in salary or wages paid to each employee.

Question

Quizplus · Accepted Answer

FUTA (Federal Unemployment Tax Act) does require employers to pay a federal unemployment tax on the first $7,000 in salary or wages paid to each employee. This tax is used to fund the federal unemployment program that provides benefits to workers who lose their jobs.

FUTA Requires Employers to Pay a Federal Unemployment Tax on the First