Generally, Federal Unemployment taxes (FUTA) are paid quarterly. Which of the following statements accurately describes the exception to this rule?

If quarterly FUTA tax liability is $500 or less, it may be carried forward and added to the next quarter. If the total FUTA liability for the year is $500 or less, it can be remitted with the annual return.

If a company has more than 500 employees, FUTA is due monthly.

If a company has fewer than 50 employees, FUTA is due annually.

Companies with a fiscal year ending other than December 31 are required to remit FUTA payments every other month.