- Federal Unemployment Tax Act
(FUTA)Legislation which requires employers to contribute to a fund that pays unemployment insurance benefits.Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & FinancesCategory: Business Cash Flow Problems & BankruptcyCategory: Business, LLCs & Corporations → Business Tax & DeductionsCategory: Business, LLCs & Corporations → Self-Employed Consultants & ContractorsCategory: Personal Finance & Retirement → Taxes → Tax Audits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- Federal Unemployment Tax Act
Federal Unemployment Tax Act (FUTA)USAA 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. www.practicallaw.com. 2010.
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