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How are the funds used which are provided by FUTA and SUTA? a. SUTA funds are...

How are the funds used which are provided by FUTA and SUTA? a. SUTA funds are used to pay the state and federal administrative expenses and FUTA funds are used to pay the unemployment compensation benefits to the qualified unemployed workers. b. FUTA funds are used to pay the state and federal administrative expenses and SUTA funds are used to pay the unemployment compensation benefits to the qualified unemployed workers. c. All of the funds are used to provide the benefits of unemployment compensation to qualified unemployed workers. d. None of these choices are correct.

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Answer #1

Option C is correct

The Federal Unemployment Tax Act (FUTA) is used to fund unemployment compensation for employees who lose their jobs. The State Unemployment Tax Act (SUTA) serves the same purpose in each state.

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