If a Taxpayer Works for Two Separate Employers,how Much in FUTA

question 102

Multiple Choice

If a taxpayer works for two separate employers,how much in FUTA taxes is each employer responsible to remit in the name of the taxpayer?

• A)Only the first employer is required to remit FUTA taxes on the wages earned from the first job.
• B)Both employers must remit FUTA taxes on the first $7,000 in wages they pay to the taxpayer.
• C)The first employer remits 5.4% on the first $7,000 in wages while the second employer remits only .6% on the first $7,000 in wages to equal the 6.0% rate.
• D)The first employer remits FUTA tax on the first $7,000 in wages and the second employer remits FUTA tax on the next $7,000 in wages.

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Definitions:

Variance

A measure of how much values in a data set differ from the mean of the set.

Cohen's D

Cohen's d is a statistic used to quantify the difference between two means, measured in standard deviations.

Cohen's D

A measure of effect size indicating the standardized difference between two means.

Standard Deviation Units

Units measured in terms of the number of standard deviations away from the mean of the distribution.