Federal Unemployment Tax Act. Legislation under which federal and state governments require employers (and, in some states, employees) to contribute to a fund that pays unemployment insurance benefits.
See “ Federal Unemployment Tax Act.
Federal Unemployment Tax Act. It requires employers to pay a certain percentage of their employees' wages (up to a maximum wage limit) as a payroll tax to help fund unemployment compensation benefits for separated employees.
Federal Unemployment Tax Act (FUTA) tax of 2.64% plus any surcharges in effect for the year. A contingency assessment of .06% is also added.
Federal Unemployment Tax Act. See federal unemployment tax. To Top
Federal Unemployment Tax Act. Unemployment taxes.
(Federal Unemployment Tax Act) An employment tax. The federal portion of the combined federal/state unemployment system. Sometimes referred to as FUI, the federal UI tax is paid by the employer.
Federal Unemployment Tax Act. Chapter 23 of the U.S. Internal Revenue Code, (Sections 3301-3311).