Asked by

hustler0118 isaac
on Oct 15, 2024

verifed

Verified

FUTA taxes are:

A) Social Security taxes.
B) Medicare taxes.
C) Employee income taxes.
D) Unemployment taxes.
E) Employee deductions.

FUTA Taxes

Federal Unemployment Tax Act taxes, which are payroll taxes paid by employers to fund the unemployment account of the federal government.

Unemployment Taxes

Taxes paid by employers to fund unemployment insurance programs, providing financial assistance to unemployed workers.

Medicare Taxes

These are taxes collected to fund the Medicare program, which provides healthcare benefits for eligible seniors and disabled individuals.

  • Gain insight into the functioning of unemployment insurance programs and the taxation involved, encompassing both FUTA and SUTA.
verifed

Verified Answer

AP
Amaris PuryearOct 18, 2024
Final Answer:
Get Full Answer