FUTA Flashcards
1
Q
List the eligibility requirements for unemployment benefits.
A
- Involuntarily terminated;
- Available and looking for work;
- Not receiving disqualifying income.
2
Q
What does the acronym FUTA stand for?
A
Federal Unemployment Tax Act.
3
Q
What purpose does the Federal Unemployment Tax Act serve?
A
Provide unemployment compensation benefits to workers who lose jobs and can’t find new ones.
4
Q
Who pays Federal Unemployment Tax Act (FUTA) taxes?
A
Employer (only) pays these taxes.
