PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN: 9781337619783
Author: BIEG
Publisher: CENGAGE L
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Textbook Question
Chapter 5, Problem 1MQ
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A. Extra state |
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B. Favorable employment records result in a lower SUTA tax |
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C. Annual Federal Unemployment Tax Return |
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D. Poor experience-rated companies form new companies with lower unemployment tax rates |
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E. Pay FUTA tax with Schedule H of Form 1040 |
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F. Provide unemployment insurance coverage and payment of benefits to interstate workers |
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G. Borrowings from federal government to pay unemployment compensation benefits |
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H. Employers whose reserve account has been charged with more benefits paid out than contributions made |
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I. Quarterly threshold for mandatory depositing of FUTA taxes |
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J. Quarterly reports submitted to the state listing employees, SSNs, and taxable wages |
Expert Solution & Answer
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Check out a sample textbook solutionStudents have asked these similar questions
1. What loan from the federal government given to individual states is used to provide unemployment benefits to state residents?
Answer:
A.
SUTA Advances
B.
FUTA Advances
C.
Title XII Advances
D.
Title 15 Advances
2. The SUTA tax rate is determined by an employer’s _____.
Answer:
A.
credit reduction
B.
FUTA tax rate
C.
experience rating
D.
Medicare tax rate
3. Identify each item as associated with Form 1099-NEC, Form 1096, or both.
A. Displays earnings for one individual
Form 1099-NEC
Form 1096
Both
B. Displays earnings for multiple individuals
Form 1099-NEC
Form 1096
Both
C. Requires a signature
Form 1099-NEC
Form 1096…
Question 9: The Internal Revenue Service levies a small service fee for employers who utilize the Electronic Federal Tax Payment System.
Answer:
A.
True
В.
False
1. Who assigns the SUTA tax rate to an employer?
Answer:
A.
The Internal Revenue Service
B.
The state in which the employer is located
C.
The Social Security Administration
D.
The American Payroll Association
2. What is the due date for the first quarter FUTA tax?
Answer:
A.
April 30
B.
March 30
C.
April 15
D.
None of these options
3. Match each tax with its associated feature.
SUTA
Self-employment
Social Security and Medicare
The employer presently matches the amount employees pay.
If net SE income is below $400, no tax is due.
The number of laid-off employees may affect it.
Chapter 5 Solutions
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Ch. 5 - Prob. 1SSQCh. 5 - Prob. 2SSQCh. 5 - Prob. 3SSQCh. 5 - _____ 1. Reciprocal arrangements A. Extra state...Ch. 5 - What two alternative tests are applied to a...Ch. 5 - What condition would make a household employer a...Ch. 5 - Prob. 3QRCh. 5 - Prob. 4QRCh. 5 - Prob. 5QRCh. 5 - Prob. 6QR
Ch. 5 - Prob. 7QRCh. 5 - An employer, because of a favorable experience...Ch. 5 - Prob. 9QRCh. 5 - Prob. 10QRCh. 5 - Prob. 11QRCh. 5 - Prob. 12QRCh. 5 - Prob. 13QRCh. 5 - Prob. 14QRCh. 5 - Prob. 15QRCh. 5 - Prob. 16QRCh. 5 - Prob. 17QRCh. 5 - Prob. 18QRCh. 5 - Prob. 19QRCh. 5 - Prob. 20QRCh. 5 - Can the owner of a small business receive...Ch. 5 - Prob. 2QDCh. 5 - Prob. 4QDCh. 5 - Prob. 1PACh. 5 - Peyton Companys payroll for the year is 737,910....Ch. 5 - Prob. 3PACh. 5 - Prob. 4PACh. 5 - Prob. 5PACh. 5 - Prob. 6PACh. 5 - Prob. 7PACh. 5 - Prob. 8PACh. 5 - Prob. 9PACh. 5 - Prob. 10PACh. 5 - Prob. 11PACh. 5 - Prob. 12PACh. 5 - Prob. 13PACh. 5 - Prob. 14PACh. 5 - Prob. 15PACh. 5 - Prob. 16PACh. 5 - Prob. 17PACh. 5 - Prob. 1PBCh. 5 - Prob. 2PBCh. 5 - Prob. 3PBCh. 5 - Prob. 4PBCh. 5 - Prob. 5PBCh. 5 - Prob. 6PBCh. 5 - Prob. 7PBCh. 5 - During 2019, Jake Gore worked for two different...Ch. 5 - Prob. 9PBCh. 5 - Prob. 10PBCh. 5 - Prob. 11PBCh. 5 - Prob. 12PBCh. 5 - Prob. 13PBCh. 5 - Prob. 14PBCh. 5 - Prob. 15PBCh. 5 - Prob. 16PBCh. 5 - Prob. 17PBCh. 5 - Prob. 1CP
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