Federal Unemployment Tax Act
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:abbreviation |
gptkb:FUTA
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:appliesTo |
gptkb:United_States
employers |
| gptkbp:codifiedIn |
gptkb:26_U.S.C._Chapter_23
|
| gptkbp:dateEnacted |
1939
|
| gptkbp:employerCredit |
up to 5.4% for state unemployment taxes paid
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:fundedBy |
gptkb:Federal_Unemployment_Trust_Fund
|
| https://www.w3.org/2000/01/rdf-schema#label |
Federal Unemployment Tax Act
|
| gptkbp:penalty |
IRS penalties and interest
|
| gptkbp:providesFor |
federal-state unemployment insurance system
|
| gptkbp:purpose |
fund state workforce agencies
provide unemployment compensation |
| gptkbp:relatedTo |
gptkb:Social_Security_Act
gptkb:State_Unemployment_Tax_Act |
| gptkbp:taxableWageBase |
$7,000 per employee per year
|
| gptkbp:taxStatus |
gptkb:Form_940
payroll tax 6.0% |
| gptkbp:bfsParent |
gptkb:Unemployment_Insurance
|
| gptkbp:bfsLayer |
4
|