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Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
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The state government is Arizona's largest employer, while Banner Health is the state's largest private employer, with more than 39,000 employees (2016). As of August 2020, the state's unemployment rate was 5.9%. [115] The largest employment sectors in Arizona are (August 2020, Nonfarm Employment): [115]
If you've recently lost your job in Arizona, you may be eligible for Arizona Unemployment Insurance benefits. Use this to guide your through the process of filing your initial claim, filing your ...
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The Federal Unemployment Tax Act (or FUTA, I.R.C. ch. 23) is a United States federal law that imposes a federal employer tax used to help fund state workforce agencies. Employers report this tax by filing Internal Revenue Service Form 940 annually.
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