Which of the following is incorrect regarding the Federal Unemployment Tax Act (FUTA)?
a) States have different minimum standards for qualifying for unemployment compensation.
b) It was passed in 1935 and created a state system to provide unemployment compensation to qualified employees who lose their jobs.
c) Employers must pay taxes to the states, which deposit the money into the federal government's Unemployment Insurance Fund.
d) Most states do require employee contributions.
e) Each state has an account from which it can access the money in the federal fund.