FUTA taxes, named for the Federal Unemployment Tax Act, are payments of a percentage of employees' wages that employers must pay. FUTA payments fund unemployment benefits for workers who lose their ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of ...

As a working owner of an S-corporation, you must receive a reasonable wage from your company. According to NOLO, this has become a hot-button issue for the IRS, as owners have been using their ...

FUTA taxes fund unemployment insurance and job services, paid by employers, not employees. FUTA tax applies to the first $7,000 of an employee's quarterly wages at a 6% rate. Employers can receive a ...

Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net Worthy, and an Investopedia contributor. Claire's expertise lies in corporate finance & accounting, mutual funds, ...

Payroll taxes are deducted from an employee’s paycheck specifically for Social Security, Medicare, and unemployment. Confusion about FICA vs FUTA arises because both are similarly named types of ...

There were no official plans for the stuffed penguin before the show. Nobody expected that it would be featured on a Sportsnet hockey broadcast, staring out at the camera with its dark eyes beneath ...