Which of the Following Statements Is Correct

question 59

Multiple Choice

Which of the following statements is correct?

• A) The FUTA tax provides benefits for employees who become unemployed.
• B) The federal unemployment tax rate can be reduced by the rate charged by state for the state unemployment tax.
• C) The earnings base for the federal and state unemployment taxes are the same, the first $7,000 of an employee's earnings for the year.
• D) All of the above are correct.

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Definitions:

Objective Determination

A decision made based on unbiased evidence and facts, without influence from personal feelings or opinions.

Consideration

An essential element in contract law, referring to something of value exchanged between parties as part of an agreement.

Consideration

In contract law, the value (which could be an object, service, money, or promise) that is given in exchange for a promise or performance by another party.

Adequacy

The quality or state of being sufficient, suitable, or appropriate for a particular purpose.