FUTA Credit Reduction

December 15, 2016By KROST

Recently, the U.S. Department of Labor announced that California and the Virgin Islands are subject to the 2016 FUTA credit reduction. The Federal Unemployment Tax Act or Federal Unemployment Trust Account(FUTA) is the law that structures the details on how states will operate their unemployment benefit programs. Employers who have paid more than $1,500 in … Read More