Examlex
______ organizations are those that people join primarily because of some material benefit they expect to receive in return for membership.
FICA-OASDI
Refers to the Social Security portion of the Federal Insurance Contributions Act tax, funding retirement, disability, and survivor benefits.
FUTA
The Federal Unemployment Tax Act, legislation that imposes a payroll tax on businesses to fund state workforce agencies.
SUTA
Refers to the State Unemployment Tax Act, a tax imposed by individual states on employers to fund unemployment benefits.
Tax Form 940
A form used in the United States to report annual Federal Unemployment Tax Act (FUTA) tax details about employees, applicable to employers who paid wages of $1,500 or more in any quarter or had one or more employees for at least part of a day in 20 or more different weeks.
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