Which of the following forms will be needed to indicate federal unemployment tax that will be used should the employee lose his or her job?
A)Form 940
B)W-2
C)I-9
D)W-4

Question

Quizplus · Accepted Answer

Form 940 is used by employers to report and pay federal unemployment tax (FUTA) based on the wages paid to employees during the year. If an employee loses their job and is eligible for unemployment benefits, FUTA taxes paid by the employer will be used to fund those benefits.

Which of the Following Forms Will Be Needed to Indicate