Exam 5: Unemployment Compensation Taxes

If an employer is subject to a credit reduction because of Title XII advances, the penalty for the entire year will be paid only with the deposit for the last quarter of the year.

Retirement pay is taxable wages for FUTA purposes.

Partnerships do not have to pay unemployment taxes on the wages of their employees.

Educational assistance payments made to workers to improve skills required of their jobs are nontaxable for unemployment purposes.

In most states, the contribution reports and the wage information reports are filed quarterly.

An employer can use a credit card to pay the balance with Form 940 under $500.)

Directors of corporations who only attend and participate in board of directors' meetings are not covered as employees under FUTA.

For FUTA purposes, an employer can be any one of the following except:

An aspect of the interstate reciprocal arrangement concerns:

In the case of a part-time employee, the employer is not liable to pay any of the employee's earnings.

When making a payment of FUTA taxes, the employer must make the payment by the:

Which of the following provides for a reduction in the employer's state unemployment tax rate based on the employer's experience with the risk of unemployment?

Which of the following is not a factor considered in determining coverage of interstate employees?

For FUTA purposes, an employer must pay a higher FUTA tax rate on executives than on nonsupervisory personnel.

On Form 940, even if the total FUTA tax is more than $500, there is no listing of quarterly federal unemployment tax liabilities.