FUTA is: paid by employers only; however, the tax is only paid on the first $7,000...

FUTA is: paid by employers only; however, the tax is only paid on the first $7,000 of each employee’s earnings for the year paid by employees only; however, the tax is only paid on the first $7,000 of their earnings for the year paid by employees only (on all of their wages) paid by both employees and employers; however, the tax is only paid on the first $7,000 of the employee’s earnings for the year paid by employers only (on all wages)

Expert Solution

The Federal Unemployment Tax Act (FUTA) is a federal law that imposes an unemployment tax on employers. The FUTA tax funds the federal government’s oversight of each state’s unemployment program. Only employers pay FUTA tax; there is not a withholding from employee wages. Employers must deposit the tax quarterly and file an annual form.

Please provide the exact requirement what exactly has to be answered..

ekkarill92 answered 2 years ago

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