2010 Ps Chapter 7 T/f & Multiple (5-8)

Front 1

Chapter 7 T/F Question 5
Nonprofit and public sector employers must choose the direct reimbursement method to satisfy their state unemployment insurance liability.

Back 1

Chapter 7 T/F Answer 5
False - Nonprofit and public sector employers may choose the direct reimbursement method or the experience-rated method to satisfy their state unemployent insurance liability.

Front 2

Chapter 7 T/F Question 6
The goal of a voluntary contribution is to increase the employer's reserve ratio to the next higher bracket on the state's unemployment rate table which corresponds to the next lower tax bracket.

Back 2

Chapter 7 T/F Answer 6
True

Front 3

Chapter 7 T/F Question 7
Form 940 is considered to be timely filed if it is sent on or before the due date via the U.S. mail or a designated private delivery service.

Back 3

Chapter 7 T/F Answer 7
True

Front 4

Chapter 7 T/F Question 8
States can set their own state taxable wage base for state unemployment insurance as long as it is at least equal to the FUTA wage base for that year.

Back 4

Chapter 7 T/F Answer 8
True

Front 5

Chapter 7 Multiple Question 5
What state uses the payroll stabilization method to determine an employer's state unemployment taxt rate?

Back 5

Chapter 7 Multiple Answer 5
D. Alaska

Front 6

Chapter 7 Multiple Question 6
Who pays FUTA tax?

Back 6

Chapter 7 Multiple Answer 6
B. Employers only

Front 7

Chapter 7 Multiple Question 7
How frequently are state unemployment reports filed?

Back 7

Chapter 7 Multiple Answer 7
C. Quarterly

Front 8

Chapter 7 Multiple Question 8
What is the FUTA wage base for 2010?

Back 8

Chapter 7 Multiple Answer 8
$7,000