nt id-_139300 1&course_id- 64180 18content jd- 2323933 18 QUESTION 1 A characteristic of FUTA is that O a It is imposed on both employer and employee. O b.It is imposed solely on the employee. O c. Compliance requires following guidelines issued by both state and Federal regulatory authorities O d.It is applicable to spouses of employees but not to any children under age 18. O e. None of these. QUESTION 2 Which of the following statements about a value added tax (VAT) is false? o a A VAT has been proposed in the U.S. to replace part of the income tax o b. The U.S has imposed a VAT since 1913 C. Many countries use a VAT. d A VAT operates similarly to a sales tax QUESTION 3 Burt and Lisa are mamied and live in a common law state. Burt wants to make gifts to their four children in 2018 What is the maximum amount of the annual exclusion they will be allowed for these gifts? a $15,000 b $30,000. c S60.000 d 5120,000 e None of these. Save and Submit to save and nubmit, Ciek Sa 144 10. 3 4 6 8 9