Examlex
Based in Maslow's hierarchy of needs, there is an understanding that an unsatisfied need will lead to action.
SUTA
State Unemployment Tax Act; a tax paid by employers at a state level to fund unemployment benefits for workers who lose their jobs.
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.
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