Please Define the Following Key Terms

question 38

Short Answer

Please define the following key terms.Show Who? What? Where? When? Why Important?
-individualism

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Definitions:

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.

W-3

A tax form used in the United States to transmit wage and tax information from employers to the Social Security Administration.