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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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A Republican, Eagle was appointed by Governor Ron DeSantis as Secretary of the Florida Department of Economic Opportunity in September 2020, leaving that position in 2022. Eagle was a member of the Florida House of Representatives from 2012 to 2020, where he represented Cape Coral in Lee County and served as Majority Leader and Majority Whip.
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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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