A merit rating:A) Is assigned by the state.B) Reflects a company's stability or instability in employing workers.C) Adjusts the employer's SUTA tax rate.D) Affects state unemployment taxes paid by an employer.E) All of these.

Question

A merit rating:A)  Is assigned by the state.B)  Reflects a company's stability or instability in employing workers.C)  Adjusts the employer's SUTA tax rate.D)  Affects state unemployment taxes paid by an employer.E)  All of these.

Cheance Whiton · Accepted Answer

Final Answer : E, Explanation :  A merit rating is a system that applies to state unemployment taxes (SUTA) and is used by various states for calculating the tax rates of companies. It reflects a company's stability or instability in employing workers and is assigned by the state. The rating can adjust an employer's SUTA tax rate, which ultimately affects the state unemployment taxes paid by an employer. Therefore, all options are correct.

A merit rating:

A) Is assigned by the state.
B) Reflects a company's stability or instability in employing workers.
C) Adjusts the employer's SUTA tax rate.
D) Affects state unemployment taxes paid by an employer.
E) All of these.

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