The FUTA tax is: a. An unemployment tax with a rate of 2.9 percent on wages up

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The FUTA tax is:

a. An unemployment tax with a rate of 2.9 percent on wages up to $147,000 per employee.

b. A disability tax with a rate of 2.9 percent on wages up to $7,000 per employee.

c. An unemployment tax with a rate as low as 0.6 percent on wages up to $7,000 per employee.

d. A disability tax with a rate of 0.6 percent on wages up to $100,000 per employee.

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Income Tax Fundamentals 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Feb 28, 2023 06:51 AM

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The FUTA tax is: a. An unemployment tax with a rate of 2.9 percent on wages up

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Income Tax Fundamentals 2023

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