Question 2: FUTA taxes are due on a quarterly basis and must be paid by...

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Question 2: FUTA taxes are due on a quarterly basis and must be paid by the final day of the last month of the quarter. Answer: A True . False Question 4: Like the FUTA tax, the state unemployment tax is based on employees' taxable earnings. Answer: A True B. False Question 11: Since they are NOT an employee, it is solely the responsibility of the independent contractor to report his/her annual compensation to the federal government Answer: . True False Question 14: FUTA tax payments must be made at the end of a quarter when the total tax owed exceeds what amount? Answer: . $400 B $500 C. $7,000 D $117 000

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