Federal Unemployment Tax Act
Legislation which requires employers to contribute to a fund that pays unemployment insurance benefits.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Business, LLCs & Corporations → Self-Employed Consultants & Contractors
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

Federal Unemployment Tax Act
Federal Unemployment Tax Act (FUTA)
USA
A federal law imposing a tax used to fund benefits for individuals who lose their jobs (26 U.S.C. §§ 3301-3311). Only the employer pays FUTA tax, not the employee.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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