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Exam 5: Unemployment Compensation Taxes

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Question 31

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An aspect of the interstate reciprocal arrangement concerns:

A) the status of Americans working overseas.
B) the taxability of dismissal payments.
C) the determination of an employer's experience rating.
D) the transfer of an employee from one state to another during the year.
E) none of the above.

F) A) and B)
G) B) and C)

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Question 32

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

A) True
B) False

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Question 33

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

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

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

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

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

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:

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

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?

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

Retirement pay is taxable wages for FUTA purposes.

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

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.