Difference between revisions of "Federal Unemployment Tax Act"
(→Related coursework) |
|||
| Line 1: | Line 1: | ||
| − | [[Federal Unemployment Tax Act]] ([[FUTA]]) is a tax paid by employers to the | + | [[Federal Unemployment Tax Act]] ([[FUTA]]) is a tax paid by employers to the [[United States Federal Government]]. The current rate is 0.6% on the first $7,000 of earnings of each employee after the normal FUTA tax credit is applied. |
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Federal Unemployment Tax Act]] ([[FUTA]]). A tax paid by employers to the federal government. The current rate is 0.6% on the first $7,000 of earnings of each employee after the normal FUTA tax credit is applied. | + | :[[Federal Unemployment Tax Act]] ([[FUTA]]). A tax paid by employers to the [[United States Federal Government|federal government]]. The current rate is 0.6% on the first $7,000 of earnings of each employee after the normal FUTA tax credit is applied. |
==Related concepts== | ==Related concepts== | ||
Revision as of 00:46, 5 November 2019
Federal Unemployment Tax Act (FUTA) is a tax paid by employers to the United States Federal Government. The current rate is 0.6% on the first $7,000 of earnings of each employee after the normal FUTA tax credit is applied.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Federal Unemployment Tax Act (FUTA). A tax paid by employers to the federal government. The current rate is 0.6% on the first $7,000 of earnings of each employee after the normal FUTA tax credit is applied.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
