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4 Cards in this Set
- Front
- Back
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13, If the employer's FUTA tax liability for the fourth quarter is $500 or less, payment can be sent in with the employer's Form 940 by the due date of the form.
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True. (False if >500)
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14. The FUTA tax 2010 is based on 6.2% of each employee's wages up to $106,800.
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False (Employee wage limit is $7,000)
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15. A credit against FUTA tax is available for state unemployment tax paid by the employer.
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True
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16. To qualify for the normal credit against FUTA tax liability, the state law requiring payment of state unemployment taxes must be certified by the U.S. Department of Labor as complying with federal requirements regarding the joint federal/state program.
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True
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