Which of the Following Is Not a True Statement

question 27

Multiple Choice

Which of the following is not a true statement?

• A)The current FUTA tax rate is 6.2 percent of the first $7,000 of wages paid during the year to each covered employee.
• B)Most states also impose an unemployment tax on employers.
• C)A credit is allowed against an employer's FUTA tax liability: a maximum of 5.4 percent of the first $7,000 of wages paid during the year to each covered employee.
• D)For an employee paid more than $7,000 during the year, FUTA tax paid by the employer is normally $434.
• E)All of the above are true.

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Time Factor

The consideration of time in the planning, execution, and evaluation of a specific task or project, often crucial in legal contexts.

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Legal Writing

The practice of drafting legal documents and communications, such as contracts, laws, court opinions, and legal letters, often characterized by precision, conciseness, and clarity.