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FUTA Tax
A United States federal tax levied on employers to fund state workforce agencies and unemployment benefits.
SUTA Tax
State Unemployment Tax Act; a tax that employers are required to pay to the state government to fund unemployment benefits for workers who lose their jobs.
Cumulative Earnings
The total amount of net income earned by a company over its entire existence.
Net Pay
Net pay refers to the amount of money an employee takes home after all deductions, such as taxes and retirement contributions, have been subtracted from their gross salary.
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