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8 Cards in this Set
- Front
- Back
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2010 Chapter 7 T/F #1
An employer is not subject to FUTA tax if it is a tax-exempt nonprofit, religious, charitable or educational organization. |
True
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2010 Chapter 7 T/F #2
FUTA tax applies only to wages when they are actually or constructively paid, not when earned. |
True
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2010 Chapter 7 T/F #3
An employer that voluntarily chooses to participate in its state's unemployment insurance program does not receive the normal credit for timely state payments it makes. |
False
The employer receives the normal credit for timely payments it makes. |
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2010 Chapter 7 T/F #4
A successor employer retains the unemployment contribution rate it had immediately before the acquisition of the predecessor occurred if the successor was a covered employer in the state at the time. |
True
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2010 Chapter 7 Mult Choice #1
What method is used by the majority of states to determine an employer's experience rate for its contribution to state unemployment insurance? a.Reserve ratio b.Benefit ratio c.Benefit wage ratio d.Payroll stabilization |
a. Reserve ratio
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2010 Chapter 7 Mult Choice #2
What is the FUTA tax rate through June 30, 2011? a.7.65% b.1.45% c.6.2% d.5.4% |
c 6.2%
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2010 Chapter 7 Mult Choice #3
On what form must employers covered by FUTA tax report their liabilities? a.Form 945 b.Form 940 c Form W-3 d.Form 941 |
b form 940
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2010 Chapter 7 Mult Choice #4
All of the following methods are used to determine an employer's state unemployment insurance experience rate EXCEPT: a Age ratio b Reserve ratio c Benefit ration d.Benefit wage ratio |
a Age ratio
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