Asked by Abbee Darsey on Jul 19, 2024
Verified
FUTA and SUTA are paid for exclusively by the employer.
FUTA
This Act enforces a payroll tax on enterprises to finance state labor agencies, known as the Federal Unemployment Tax Act.
SUTA
State Unemployment Tax Act, which mandates unemployment insurance taxes that employers must pay.
- Acknowledge the responsibilities and legal standards of federal and state unemployment taxes in employer payroll activities.
Verified Answer
AC
Angelica CarachureJul 20, 2024
Final Answer :
True
Explanation :
FUTA (Federal Unemployment Tax Act) and SUTA (State Unemployment Tax Act) taxes are employer-paid taxes to fund state workforce agencies and federal unemployment benefits. Employees do not directly contribute to these taxes through payroll deductions.
Learning Objectives
- Acknowledge the responsibilities and legal standards of federal and state unemployment taxes in employer payroll activities.
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