Payroll Accounting Chapter 5 Exam - Questions with Correct Answers/ Latest Version (2024/2025)/ 100% Pass
The federal unemployment tax is imposed on employers, and thus, is not deducted from employees 'wages - True 1. The taxable wage base for FUTA is __$7000.00______ for 2017 - True 2. The maximum credit permitted against FUTA tax is 4.5 percent (75% of 6%). - False 5.4 % (90% of 6%) Educational assistance payments to workers are considered nontaxable wages for unemployment purposes. - True 3. The gross FUTA tax rate is ___6.0_____ percent for 2017 - True For the purpose of the FUTA tax, members of partnerships are considered employees. - False
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questions with correct answers latest version
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