Unemployment programs, such as those established by federal law (e.g., Unemployment Insurance), are typically funded through employment taxes and administered through federal trust funds. These funds are earmarked for specific purposes and are deposited into trust fund accounts, which are fiduciary in nature and maintained to provide benefits under the terms of a law or trust agreement.
The Unemployment Trust Fund is a specific example maintained by the U.S. Department of the Treasury.
Relevant References:
FASAB SFFAS No. 27 – Identifying and Reporting Earmarked Funds
Treasury Financial Manual – Trust Fund Accounts
GAO Glossary – Trust Fund Definition
Answer: C. trust funds
Contribute your Thoughts:
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit