Unemployment tax payable under the Federal Unemployment Tax Act (FUTA), is: a. Paid to the Social Security Administration. b. A tax-deductible employer's expense. c. Payable by all employers. d. Deducted from employee wages.相关知识点: 试题来源: ...
FUTA is an acronym for the United States Federal Unemployment Tax Act, which requires employers to pay unemployment tax. Learn how to calculate FUTA.
a. Deductible by the employer as a business expense for federal income tax purposes. b. Calculated as a fixed percentage of all compensation paid to an employee. c. Payable by employers for all employees. d. Withheld from the wages of all covered employees....
A tax-deductible employer's expense. c. Payable by all employers. d. Deducted from employee wages. 正确答案:B 分享到: 答案解析: Choice "B" is correct. An employer's payment under the Federal Unemployment Tax Act (FUTA) is a tax-deductible employer expense. Choice "c" is incorrect. An...
The payroll process supports the calculation of Federal Unemployment Tax Act (FUTA) liabilities. There are several configurations you can perform in support of these calculations. Override the FUTA credit reduction rate FUTA credit reductions rates are predefined for each of the states that require a...
Then you may be responsible for paying this tax annually. What Is FUTA? The Federal Unemployment Tax Act created a program to help states pay for unemployment benefits for workers who have been terminated (other than for gross misconduct). If you pay wages of $1,500 or more to employees,...
网络联邦失业税金法;联邦失业税法 网络释义 1. 联邦失业税金法 税法的相关英语词汇大全 -... ...Federal Unemployment Tax Act;联邦失业税金法Economic Recovery Tax Act; 经济恢复税 … www.nciku.cn|基于2个网页 2. 联邦失业税法 专业会计英语单词 -... ...Federal Unemployment Tax Act联邦失业税法federal ...
What is Federal Unemployment Tax Act (FUTA)? FUTA is a payroll tax only paid by employers, not employees. The current FUTA rate is 6% with a wage limit of $7,000 for each employee per year. There’s a Tentative Credit of 5.4%, so most employers pay 0.6%. Find more info about empl...
Differential payments clearly constitute income under section 61 of the Internal Revenue Code and would appear to be "wages" for purposes of federal income tax withholding (FITW), Federal Insurance Contributions Act (FICA) taxes, and Federal Unemployment Tax Act (FUTA) taxes, because the benefits...
The article focuses on the Benefit Cost Rate (BCR) add-on, a credit reduction under the Federal Unemployment Tax Act (FUTA) in the U.S. Ron Wilus of the Office of Unemployment Insurance's Division of Fiscal and Actuarial Services says that BCR can be used by employers for 15 ...