Unemployment compensation is regulated by
the Federal Unemployment Tax Act (FUTA) and jointly
administered by federal and state authorities. Under the FUTA, the
individual states are free to set their own limits on weekly benefit
amounts, unemployment tax rates, taxable wage bases, and unemployment
eligibility and disqualification requirements. Unemployment benefits
are financed by a tax on a certain portion of wages paid to employees.
This taxable wage base varies from state to state.
Summary for [Your State]