Playing now

What is unemployment deduction?

View our full Glossary of accounting & payroll terms

Related topics

Search for another term

Glossary definition

What is unemployment deduction?

Unemployment deduction

Employers must pay unemployment taxes for their employees based on the Federal Unemployment Tax Act (FUTA).

Recommended Next Read

November 15, 2021

Everything you need to know about machine learning in HR

See this term in action

November 8, 2021 5 min read

How to manage your small business payroll taxes the easy way

October 25, 2021 6 min read

Improve your year end closing by avoiding these 5 accounting myths

October 14, 2021 7 min read

4 ways to combat burnout in HR

Learn more about this definition and others