Annual FUTA Returns Must Be Filed Before January 1 Following

question 32

True/False

Annual FUTA returns must be filed before January 1 following the close of the calendar year.

---

Definitions:

Annual Simple Interest

Interest calculated once a year on the principal sum, without compounding.

Earned

Received as a result of work or effort.

Simple Interest Rate

The rate at which simple interest is calculated, usually on an annual basis.

Borrowed

Funds taken as a loan from a lender with the agreement to pay back with interest.