I know what the words mean, and I know how state unemployment works
but what is FUTA and who does it “protect”?
Discussion Forum
Discussion Forum
Up Next
Video Shorts
Featured Story
Discover why linseed oil paint is the go-to choice for Fink & Son Historic Restoration.
Related Stories
Highlights
"I have learned so much thanks to the searchable articles on the FHB website. I can confidently say that I expect to be a life-long subscriber." - M.K.
Replies
http://workforcesecurity.doleta.gov/unemploy/uitaxtopic.asp
But who is it for
I read the link and it says that it pays for 1/2 of the costs of administering the Sates Unemployment offices overhead and administration , plus it is put into a pool of money that helps pay for the extended benefits the State distributes, plus it is used a pool to loan money out of to help States out. Just what I got out of a 2 minute read.
They can't get your Goat if you don't tell them where it is hidden.
Did you read the link?FUTA covers the costs of administering the UI (Unemployment Insurance) and Job Service programs in all states. In addition, FUTA pays one-half of the cost of extended unemployment benefits (during periods of high unemployment) and provides for a fund from which states may borrow, if necessary, to pay benefits.
Barry E-Remodeler
Is it a cousin of FUBAR ?
Sorry, just a smart ####, no help here ......=)
Naive but refreshing !
Just another hidden tax that could be in your check.
Bob's next test date: 12/10/07