Unemployment Compensation Tax

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Unemployment Compensation Tax

A tax levied on an employer that pays the unemployment insurance for the unemployed labor force. The tax is assessed as a proportion of the employer's payroll; the employer generally passes on payment of the tax to his/her employees.
References in periodicals archive ?
These include business property taxes, sales and excise taxes paid by businesses on their input purchases and capital expenditures, gross receipts taxes, corporate income and franchise taxes, business and corporate license taxes, unemployment insurance taxes, individual income taxes paid by owners of pass-through entity businesses, and other state and local taxes that are the statutory liability of business taxpayers.
Employers pay unemployment insurance taxes for each employee.
On average, unemployment insurance taxes will decline to 2.
The bill analysis on that proposal said that as many as 40 percent of construction workers were working "off the books - resulting in close to $9 million a year in lost revenue in a single area of the state as a result of unpaid state unemployment insurance taxes and federal taxes.
The program, which is administered by the state, is paid for through a surcharge on employer unemployment insurance taxes.
The Granite State was weighted positively for its few restrictions on employer inquiries into a job applicant's history, the low ratio of labor and employment lawsuits per capita, and a relatively low wage ceiling for unemployment insurance taxes.
Businesses in at least 35 states will have to pay more in unemployment insurance taxes this year, with the median increase of unemployment insurance tax at 27.
The Tax Foundation's index measures the competitiveness of the 50 states' tax systems and ranks them based on the taxes that matter most to businesses and business investment: corporate income, individual income, sales, property and unemployment insurance taxes.
Unemployment insurance taxes lower the paychecks of all workers to provide the funds that cover unemployment benefits for workers who lose their jobs.
In a statement, Jindal, who is slated to give the Republican response to President Barack Obama's message to Congress on Tuesday, expressed concern that expanding unemployment insurance coverage would lead to increased unemployment insurance taxes later on, Politico.
It looks at individual income taxes, major business taxes, sales taxes, unemployment insurance taxes, and taxes on wealth or assets such as property.
Thus, the Department determined that unemployment insurance taxes were due and payable by HRP on all of the taxable wages of all HRP nurses.

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