State Unemployment Tax Act
State Unemployment Tax Act (SUTA) is a tax usually paid only by employers to the state for unemployment benefits.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- State Unemployment Tax Act (SUTA). A tax usually paid only by employers to the state for employee unemployment insurance.
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.
