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 ?
Pursuant To Nh Rsa 282-a, Nhes Is Responsible For The Collection Of Employer Unemployment Tax Contributions And For The Payment Of Unemployment Benefits Utilizing Two Separate Accounts: A Benefit Account From Which Benefit Payments Are Issued And A clearing Account Through Which Unemployment Tax Contribution Collections And/or Refunds Are Processed.
According to the Texas Workforce Commission, the bill would raise unemployment tax rates by just 0.
The average unemployment claims cost nationally is $5,174 (as of February 2012), if an employer is covering the cost directly and not paying into the state unemployment tax pool.
More than 80 percent of Washington employers will have lower or stable unemployment tax rates in 2014 compared to 2013, according to the state's Employment Security Department.
8 percent, Oregon will still have a relatively high minimum unemployment tax rate - in many states it's less than 1 percent.
The federal unemployment tax was enacted as part of the Federal Unemployment Tax Act (FUTA).
com)-- Headway Workforce Solutions, a North American recruitment and contingent labor provider, announced today it is releasing a free online SUTA Impact Widget that calculates the cost and impact businesses may realize from unemployment tax rate (SUTA) increases.
Approximately 35 states expect their unemployment tax revenue to increase this year by about 16.
Instead, the extra $1 million would be paid through an expected surplus of the Department of Employment Security administrative money, whose source is a fifth-of-a-percent unemployment tax.
During another brutal economic environment--the Great Depression--Congress enacted the Federal Unemployment Tax Act in 1935.
Bukamal is a socially responsible organisation and our decision to contribute the unemployment tax on behalf of our employees is a reflection of our culture and commitment towards our people," said sales and marketing support manager Paritosh Palav.
We performed the procedures which we agreed to perform and with which the Department of Labor (DOL) concurred soley to assist the DOL in ascertaining whether the net federal unemployment tax (FUTA) revenue distributed to the Unemployment Trust Fund (UTF) for the fiscal year ended September 30, 2006, is supported by the underlying records.