|
gptkbp:instanceOf
|
gptkb:tax_law
|
|
gptkbp:administeredBy
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:alsoKnownAs
|
gptkb:FUTA
|
|
gptkbp:appliesTo
|
gptkb:United_States
employers
|
|
gptkbp:codifiedIn
|
gptkb:Internal_Revenue_Code
|
|
gptkbp:creditAvailable
|
up to 5.4% for state unemployment taxes paid
|
|
gptkbp:enactedBy
|
gptkb:Federal_Unemployment_Tax_Act
|
|
gptkbp:established
|
1939
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Federal Unemployment Tax
|
|
gptkbp:imposedBy
|
gptkb:United_States_federal_government
|
|
gptkbp:netEffectiveRate
|
0.6% (after maximum credit)
|
|
gptkbp:notWithheldFrom
|
employee wages
|
|
gptkbp:pays
|
employers only
|
|
gptkbp:purpose
|
fund unemployment compensation to workers who have lost their jobs
|
|
gptkbp:relatedTo
|
gptkb:State_Unemployment_Tax
|
|
gptkbp:reportsTo
|
gptkb:IRS_Form_940
|
|
gptkbp:subjectToCreditReduction
|
yes
|
|
gptkbp:taxableWageBase
|
first $7,000 of each employee's wages
|
|
gptkbp:taxStatus
|
6.0%
|
|
gptkbp:usedFor
|
funding state workforce agencies
|
|
gptkbp:bfsParent
|
gptkb:Employer's_Annual_Federal_Unemployment_(FUTA)_Tax_Return
|
|
gptkbp:bfsLayer
|
7
|