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Artist 52 [7]
3 years ago
5

The federal unemployment tax is levied on a.employers and is deducted from employees' earnings. b.employees and employers. c.emp

loyers and is not deducted from employees' earnings. d.employees and is deducted from customer payments.
Business
1 answer:
gladu [14]3 years ago
6 0

Answer:

c. employers and is not deducted from employees' earnings.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.

The federal unemployment tax act (FUTA) is reported on Form 940 of the internal revenue service (IRS). It's a federal payroll tax imposed on employers to provide unemployment compensation to employees who have lost their jobs in states.

Basically, the federal unemployment tax act (FUTA) is levied on employers alone i.e it's being paid by the employers only.

This ultimately implies that, the federal unemployment tax is levied on employers and is not deducted from employees' earnings.

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