Federal Unemployment Tax Act

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Federal Unemployment Tax Act

Commonly called FUTA. Legislation in the United States authorizing the federal government to levy an unemployment compensation tax, which pays for the unemployment insurance of the unemployed labor force. The taxes permitted under FUTA pay for the federal government's half of unemployment insurance; the other half is provided by states. However, FUTA sets up a fund from which states can borrow to pay for their half.
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It is against this background that this study examines the theses and dissertations of postgraduate students submitted between 2004 - 2009 at the Department of AEE, FUTA using citation analysis.
43 (1974), to include FICA and later by the IRS and the courts to include FUTA.
Together with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs.
17) In other words, the only issue would be the failure to impose FICA and FUTA taxes on the payments.
However, in cases that involve more than $1,000 of wages per quarter, employers also may be required to pay FUTA taxes.
contracted the workers was not sufficient to prove it was the employer for FICA and FUTA purposes.
FUTA (The Federal Unemployment Tax Act), with state unemployment systems, provides for payments of unemployment compensation to workers who have lost their jobs.
The IRS assessed deficiencies for the FICA and FUTA taxes.
This means learning about FICA, FUTA, SUTA, OSHA, and the minimum wage and overtime laws contained in the federal Fair Labor Standards Act (FLSA).
Wages paid to a parent who works for you are not subject to FUTA tax.
Holding: No, the value of meals and lodging provided for the convenience of the employer are not considered wages for FICA or FUTA purposes.
State unemployment and FUTA taxes are due quarterly.