View our full Glossary of accounting & payroll terms Visit full glossary Glossary definition What is unemployment deduction? Unemployment deduction Employers must pay unemployment taxes for their employees based on the Federal Unemployment Tax Act (FUTA). Related topics HR and Payroll Tax Search Search for: See this term in action May 8, 2025 10 min read What is petty cash? April 29, 2025 12 min read What is a deferred tax liability? April 28, 2025 10 min read Form 990 filing requirements: Tips and tricks for nonprofits Learn more about this definition and others Featured reading July 23, 2024 3 min read Unlock the secrets of successful CFOs April 3, 2024 8 min read 8 AI side hustle ideas to try in 2024 July 11, 2024 1 min read Cash flow statement template (download for Excel)