Examlex
You should avoid explaining the recourse an employee has during the employee process.
FUTA
The Federal Unemployment Tax Act, which imposes a payroll tax on businesses to fund state workforce agencies.
Wages Expense
The total cost incurred by a company for the payment of wages to employees during a specific period.
FICA Tax Rate
The percentage of income that is taken as tax to fund Social Security and Medicare, paid equally by employees and employers.
Federal Unemployment
Federal Unemployment refers to unemployment tax paid at the federal level by employers to fund state workforce agencies and unemployment insurance for workers who have lost their jobs.
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