The FUTA tax is imposed on employees on the first $7,000 of annual earnings per employee.

Name: The FUTA tax is imposed on employees on the first $7,000 of annual earnings per employee.
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This statement is true. The Federal Unemployment Tax Act (FUTA) tax is imposed on employees on the first $7,000 of annual earnings per employee. This tax is paid by the employer and is used to fund unemployment compensation programs at the state level.

The FUTA Tax Is Imposed on Employees on the First