Taxes payable under the Federal Unemployment Tax Act (FUTA) are
A. Calculated as a fixed percentage of all compensation paid to an employee.
B. Deductible by the employer as a business expense for federal income tax purposes.
C. Payable by employers for all employees.
D. Withheld from the wages of all covered employees.
Answer: B. Deductible by the employer as a business expense for federal income tax purposes.
Business
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