What does the Federal Unemployment Tax Act (FUTA) do?

Question

03-05-2018
Business

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What does the Federal Unemployment Tax Act (FUTA) do?

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Nonportrit Nonportrit · Answer 1 · 2018-05-03T20:17:00+02:00

Hey there!

Here is your answer:

The proper answer to this question is "is a United States federal law that is used to help fund state workforce agencies".

Reason:

Federal Unemployment Tax Act (FUTA) is a federal law that helps fund workforce agencies so if a business doesn't have any workers on payroll they use FUTA to pay them.

Therefore the answer is to help fund state workforce agencies.

If you need anymore help feel free to ask me!

Hope this helps!

Nonportrit