The Importer Security Filing (ISF)rule Requires Importers to File ___________

question 53

Multiple Choice

The Importer Security Filing (ISF) rule requires importers to file ___________ pieces of information and carriers to file ___________ pieces of information.

• A)10; 2
• B)5; 5
• C)2; 10
• D)4; 8

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Definitions:

FUTA

The Federal Unemployment Tax Act, a United States federal law that imposes a payroll tax on businesses to fund state workforce agencies.

SUTA

SUTA, or State Unemployment Tax Act, is a taxation mechanism in the United States that mandates employers to pay a tax to fund unemployment benefits for workers who lose their jobs.

FICA-Social Security

The portion of the Federal Insurance Contributions Act tax that funds the Social Security program, providing benefits for retirees and disabled individuals.

FICA-Medicare

A federal tax in the United States deducted from employees' paychecks to fund the Medicare program, which provides health coverage to eligible elderly and disabled individuals.