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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

The FUTA tax is levied only on the employees.

To determine

Identify whether the given statement is true or false.

Explanation

FUTA tax:

FUTA tax is mainly levied on the employer and it is not deducted from the employee’s earnings. The main purpose of this tax is to raise fund so to administer the combined federal /state compensation program...

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