Preprinted government form used by the employer to report unemployment taxes for the calendar year. (source: www.IRS.gov)
Form 940 - Employer's Annual Federal Unemployment Tax Return (FUTA)
A program that provides unemployment compensation through a tax levied on employers
Unemployment insurance program
A system that rewards an employer for maintaining steady employment conditions by reducing the firm's state unemployment tax rate.
Experience Rating System (also know as, Merit rating system)
Preprinted government form submitted with Forms W-2 to the Social Security Administration.
Form W-3 (Transmittal of Wage and Tax Statements)
What is"EFTPS"?
Electronic Federal Tax Payment System (electronic funds transfer - EFT) are made through this system so that firms can pay their taxes electronically