Which of the following statements is true?
A) SUTA and FUTA Tax Rates are always the same
B) Payroll Tax Expense involves Federal Income Tax Withholding.
C) The FUTA wage taxable limit is $7,000
D) Withholding Federal Income Taxes is optional for the employer
Correct Answer:
Verified
Q46: Rounding differences with the employee and employer
Q47: FUTA is an abbreviation for:
A) Future Unemployment
Q48: The FUTA tax is imposed on employees
Q49: There is a ceiling on each employee's
Q50: The FUTA tax must be paid by
Q52: Most employers are required to withhold federal
Q53: FUTA is an abbreviation for Social Security
Q54: If the limit on unemployment taxes is
Q55: There is no wage ceiling limit for
Q56: Employers are required to pay FICA taxes
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