1. If a taxpayer works for two separate employers, how much in FUTA taxes is eac
ID: 2372730 • Letter: 1
Question
1. If a taxpayer works for two separate employers, how much in FUTA taxes is each employer responsible to remit in the name of the taxpayer? (Points : 1) Only the first employer is required to remit FUTA taxes on the wages earned from the first job.
Both employers must remit FUTA taxes on the first $7,000 in wages they pay to the taxpayer.
The first employer remits 5.4% on the first $7,000 in wages while the second employer remits only .8% on the first $7,000 in wages to equal the 6.2% rate.
The first employer remits FUTA tax on the first $7,000 in wages and the second employer remits FUTA tax on the next $7,000 in wages.
$500.
$800.
$1,000.
Explanation / Answer
Both employers must remit FUTA taxes they pay to the employee on the first $7,000 of wages earned by the employee at each jo ================================================================================================================================================================================================== 2. Sandra is single and her son Julius is 12 years old. If her AGI is $79,000, what amount of child tax credit can Sandra claim? (Points : 1) $0. ==================================================================================================================================================================================================== == Joseph paid $1,750 in qualifying expenses for his daughter who attended a community college. How much is Joseph's lifetime learning credit without regard to AGI limitations or other credits? $350 =====================================================================================================================================================================================================================
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