Federal Unemployment Tax Act (FUTA)
Federal legislation permitting the government to impose a tax on business in order to fund state unemployment agencies. Employers must file a Form 940 annually to report this tax.
Definition from Nolo’s Plain-English Law Dictionary
Legislation which requires employers to contribute to a fund that pays unemployment insurance benefits.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm
