Federal Unemployment Tax Act

A part of Chapter 26 of the Federal Code commonly referred to as the Internal Revenue Code. This act requires employers to pay a tax that funds unemployment benefits during economic depressions/recessions. It is also commonly referred to as FUTA.

FUTA – An Explanation to the Federal Unemployment Tax Act

FUTA

Federal Unemployment Tax Act or FUTA for short is a part of the Internal Revenue Code and is an employer tax on wages paid to employees.  It is used to fund unemployment benefits.  The tax is paid on the first $7,000 of wages paid to every employee.  It is reported via Form 940 https://businessecon.org/resources/ .  The Form must be filed and all taxes paid by January 31, 2019.

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Introduction to Human Resources Management

Human Resources Management

Matching the right person to the right job is the primary objective of any human resource manager. If you had a company of highly trained, well informed, and happy staff, you would control the best place to work in the whole wide world. So to me, the best place to work is Santa’s Workshop.

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