This federal act ordered every state to set up an unemployment compensation program in order to provide payments to workers during periods of temporary unemployment.
What is The Social Security Act of 1935?
100
The second factor to be considered when determining unemployment coverage of interstate employees.
What is the location of the employer's base of operations ?
100
This is the federal unemployment tax form.
What is Federal Form 940(Employer's Annual Federal Unemployment (FUTA) Tax Return?
100
The maximum amount of employee wages on which the employer is subject to pay FUTA tax.
What is $7,000?
100
This report determines the employer's liability for making contributions into the state unemployment compensation fund.
What is a status report?
200
These taxes at both the federal and state levels fund the unemployment insurance program.
What are payroll taxes?
200
The employee percentage of unemployment taxes for the state of Pennsylvania.
What is .07% on total wages?
200
The number of different state unemployment tax forms.
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What is 53? (Gotcha..50 states...50 forms + Puerto Rico + District of Columbia + Virgin Islands)
200
An employer must pay before the last day of the month following the end of the quarter if the amount of unemployment taxes due exceeds this amount.
What is $500?
200
The requirement for employers to receive the maximum automatic SUTA credit when filing FUTA taxes.
What is the employer must make the state (SUTA) contributions on or before the due date for filing the federal (FUTA) return?
300
Imposes a tax on employers based on wages paid for covered employment.
What is the Federal Unemployment Tax Act (FUTA)?
300
The maximum weekly unemployment benefit payout for the state of Kentucky?
What is $415?
300
The form required to be filed by multi-state employers.
What is Schedule A (Form 940)?
300
The amount of the automatic credit normally allowed for SUTA payments when calculating FUTA.
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What is 5.4%
300
An employer may delay filing his Form 940 until this date if the employer has made timely deposits that pay the FUTA tax liability in full.
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What is February 10th?
400
Weekly unemployment benefits are paid through this plan.
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What is SUTA (State Unemployment Tax Act)?
400
Some states allow these so employers can reduce their unemployment compensation rates.
What are voluntary employer contributions?
400
A state unemployment form example used by the state of Pennsylvania.
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What is the Pennsylvania Form UC-2 (Employer's Report for Unemployment Compensation)?
400
The unemployment tax due in the state of Kentucky if you pay the least possible rate on one employee who earns $10,000 during the year.
What is $93? ($9,300 x 1%)
400
Household employers both report and pay their federal unemployment taxes for their household employees on this tax form.
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What is their personal income tax return Form 1040.
(schedule H, Household Employment Taxes is attached)
500
The federal law defines a person or business as such if it meets either one of the following tests:
1)Pays wages of $1500 or more during any calendar quarter in the current or preceeding calendar year, or
2) Employs one or more persons, on at least some portion of one day, in each of 20 or more calendar weeks during the current or preceeding taxable year.
What is an employer?
500
The number one determinant in determining unemployment coverage of interstate employees.
What is the place where the work is localized?
500
Can be used to file Form 940 and e-pay (electronic funds withdrawal) the balance due in one step.
What is the IRS e-file system?
500
Contributions minus benefits paid divided by average payroll.
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What is the most commonly used reserve-ratio formula?
500
The amount of unemployment tax due on the first $7,000 paid to the partners in a partnership.
What is 0, zilch, nada? (because partners are not considered employees)