PEO LP - Unemployment Review
Quiz by Training Team PEO Svc
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13 questions
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- Q1What is a SUI "new employer" rate?A standard rate assigned by the state for new employers.A really low rate assigned by the state for new employers to make it easier on them.A high rate assigned by the state, since the employers are new and don't know any better.0.06230s
- Q2How much FUTA should be deposited in Quarter 1?$500.00$0.00$7,000.00$200.0030s
- Q3SUI and FUTA are examples of what type of tax?Social SecurityWithholdingPayroll30s
- Q4How much FUTA should be deposited in Quarter 3?$800.00$500.00$200.00$600.0030s
- Q5FUTA is included in Federal Liability.Only for semi-weekly depositors.NeverSometimesAlways30s
- Q6What is the gross FUTA rate?1.45%6%0.6%5.4%30s
- Q7When must FUTA liability be deposited?When the accumulated liability exceeds $500.00 at the end of the quarter.Every pay period.Only at the end of the year.As soon as they accumulate $500.00 in liability.30s
- Q8What is the net FUTA rate?6%0.6%5.4%1.45%30s
- Q9Clients doing business in an "unfriendly" state are still able to use the PEO's SUI rate, but must file their own tax return.TrueFalse30s
- Q10The SUI wage base limit _______________.is the same as the FUTA wage base limitvaries by statedoes not existis the same for every state30s
- Q11Form 940 is prepared and filed for each individual PEO client.FalseTrue30s
- Q12FUTA pays benefits directly to unemployed workers.TrueFalse30s
- Q13What is the term used to describe a state that allows clients to take advantage of the PEO SUI rate and have their information reported and filed under the PEO parent ID?PEO Level Reporting StateUnfriendly StateNanny StateClient Level Reporting State30s