A household employer a covered employer under futa

Reference no: EM131133979

1. What two alternative tests are applied to a business in order to judge whether it is an ''employer'' and therefore subject to the FUTA tax?

2. What condition would make a household employer a covered employer under FUTA?

3. Charlie Carlson is a full-time student at Wenonah College and works part time in the school's maintenance department. Must the college pay a FUTA tax on Carlson's earnings?

4. Under the Interstate Reciprocal Coverage Arrangement, the services of a worker can be covered in the state of the election of the employer as long as one of three factors exists. What are those three conditions?

5. To what extent does FUTA coverage extend to services that a citizen of the United States performs for an American employer outside the United States?

6. Which of the following types of payments are taxable under FUTA?

a. Commissions as compensation for covered employment.

b. Christmas gifts of nominal value.

c. Courtesy discounts to employees. d. Reimbursement of ordinary and necessary business expenses.

e. Dismissal payments.

7. What is an employer required to do in order to obtain the maximum credit of 5.4 percent against the FUTA tax?

8. An employer, because of a favorable experience rating, is permitted to pay a state contribution at a reduced rate of 1.5 percent. What percentage of taxable wages must be paid in the aggregate to the federal and state governments?

9. What are two situations in which an employer could be liable for a net FUTA tax greater than 0.6 percent?

10. What is the purpose of Title XII advances?

11. In 2012:

a. Which states had the widest range of SUTA tax rates for employers?

b. Which state paid the highest weekly maximum benefit (excluding dependency allowances) to qualified unemployed workers?

c. Which state had the highest taxable wage base for the SUTA tax? 12. How is the SUTA tax rate determined for a new employer?

13. a. For an employer who is subject to FUTA, what is the basic form that must be filed with the federal government?

b. When must the form be filed?

c. How are taxable wages computed on the annual return? 14. How are pretax contributions by employees into cafeteria plans presented on Form 940? 15. How does an employer file an amended Form 940?

16. What special steps must be taken when completing Form 940 for a company that has ceased operations during the year?

17. When does an employer have to pay the FUTA taxes?

18. How does an employer deposit the FUTA taxes?

19. How often do employers file wage and contribution reports with their states?

20. What is a separation report?

Reference no: EM131133979

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