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FUTA taxes: are used to provide benefits to workers who have lost their jobs are

ID: 2516898 • Letter: F

Question

FUTA taxes:

are used to provide benefits to workers who have lost their jobs

are withheld from the employee and paid by the employer

start when total employee monthly wages reach $1,500

are paid by all organizations, profit or non-profit

none of these statements about FUTA taxes are true

are used to provide benefits to workers who have lost their jobs

are withheld from the employee and paid by the employer

start when total employee monthly wages reach $1,500

are paid by all organizations, profit or non-profit

none of these statements about FUTA taxes are true

Explanation / Answer

FUTA taxes are used to provide benefits to workers who have lost their jobs.

The federal government and most government collect unemployment taxes.