What is true regarding FUTA?A) It is a payroll tax owed by the business and reported annually on a tax form 940.B) It is a payroll tax owed by the business and reported quarterly on form 941 and annually on tax form 944.C) It is a payroll tax owed by the business and reported quarterly on form 940.D) It is a payroll tax shared by the employer and employee and reported quarterly on form 941 and annually on tax form 944.

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Roger Mikhail · Accepted Answer

Final Answer : A, Explanation :  FUTA is a Federal Unemployment Tax Act that is a payroll tax paid entirely by the employer and reported annually on tax form 940.

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