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). Recommended Next Read April 17, 2024 Tax return checklist: What businesses need to know and do now Related topics HR and Payroll Tax Search Search for: See this term in action December 8, 2023 11 min read HR trends in 2024: Everything HR leaders need to know October 11, 2023 3 min read Greater visibility and business insights, the true impact of automation July 6, 2023 11 min read A comprehensive guide to business expense categories: Everything you need to know Learn more about this definition and others Featured reading August 29, 2023 6 min read 6 powerful lessons from baseball for business: Cal Ripken's secret advice for successful business leaders February 12, 2024 10 min read How to recommend software to accounting clients September 18, 2023 5 min read How SVB amplified the risk of invoice fraud — and what you should do about it Popular termsWhat is Recruitment?What is gross pay?What is Auto-renewal?What is annual contract value (ACV), and how to calculate it?
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