Playing now

What is unemployment deduction?

View our full Glossary of accounting & payroll terms

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

Search

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?

A person in a blue shirt is holding a tablet, surrounded by boxes labeled "donation" on a table, with others working in the background.

April 28, 2025 10 min read

Form 990 filing requirements: Tips and tricks for nonprofits

Learn more about this definition and others

Featured reading

Unlock the secrets of successful CFOs

8 AI side hustle ideas to try in 2024

Cash flow statement template (download for Excel)