federal unemployment insurance tax

federal unemployment insurance tax definition - finance
A tax that is designed to help unemployed workers. It is paid only by employers, whose tax rate rises as more workers are laid off. The federal program allows a credit to be taken for taxes paid to state unemployment insurance programs.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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