Federal Unemployment Tax Act (FUTA)

Definition of "Federal Unemployment Tax Act (FUTA)"
  1. A law that mandates employers to pay into a fund used for unemployment insurance benefits
How to use "Federal Unemployment Tax Act (FUTA)" in a sentence
  1. The new business owner just learned about her obligations under the Federal Unemployment Tax Act (FUTA).
  2. A violation of the Federal Unemployment Tax Act (FUTA) can result in severe penalties.
  3. The Federal Unemployment Tax Act (FUTA) ensures a safety net for employees who lose their jobs.
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