FUTA. A federal law that taxes businesses in order to fund the unemployment benefits set forth by the Social Security Act of 1935. In times of economic growth, revenues from the tax increase but are used less frequently because unemployment levels are low, creating a cushion of funds. During times of slowing growth and rising unemployment, this cushion can provide benefits to the unemployed.

Related information about Federal Unemployment Tax Act:

1. Federal Unemployment Tax Act - Wikipedia, the free encyclopedia
   The Federal Unemployment Tax Act (or FUTA, 26 U.S.C. ch. 23) is a United States federal law that imposes a federal employer tax used to help fund state ...
    
2. Federal Unemployment Tax
   Aug 23, 2012 ... The Federal Unemployment Tax Act (FUTA), with state ... Only the employer pays FUTA tax; it is not deducted from the employee's wages.
    
3. 26 USC Chapter 23 - FEDERAL UNEMPLOYMENT TAX ACT | LII ...
   Sec. 3301. Rate of tax. 3302. Credits against tax. 3303. Conditions of additional credit allowance. 3304. Approval of State laws. 3305. Applicability of State law.
    
4. Chapter 23 - Federal Unemployment Tax Act (112-90 - U.S. Code
   -CITE- 26 USC CHAPTER 23 - FEDERAL UNEMPLOYMENT TAX ACT 01/03/ 2012 (112-90) -EXPCITE- TITLE 26 - INTERNAL REVENUE CODE Subtitle C ...
    
5. Federal Unemployment Tax Act (FUTA) Definition | Investopedia
   The original legislation that allows the federal government to tax businesses with employees for the purpose of collecting revenue that is then allocated to state ...
    
6. Federal Unemployment Tax Act (FUTA) Tax Credit - New York State ...
   Q: Federal Unemployment Tax Act (FUTA); Q: What is FUTA? Q: What is the FUTA tax credit? Q: What is the FUTA tax credit for 2010? Q: Will there be a FUTA ...
    
7. Federal Unemployment Tax Act: Definition from Answers.com
   Social Security legislation affecting labor costs and payroll records. Unlike the federal insurance contribution act (fica) , which is strictly a federal.
    
8. Federal Unemployment Tax Act (FUTA) Tax Increases on Wages ...
   Nov 23, 2011 ... Federal Unemployment Tax Act (FUTA) Tax Increases on Wages Employers Paid in 2011.