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Payroll Terminology

Federal Unemployment Tax Act

The Federal Unemployment Tax Act (FUTA) provides federal funding for unemployment benefits. For-profit, private companies must pay FUTA taxes using Form 940, a tax form that is filed annually. FUTA works with your state unemployment tax program, so you get credit towards your FUTA taxes for paying your state taxes on time..

Federal Unemployment Tax Act Videos

Getting Your Credit Out of FUTA
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