Asked by Gabrielle Gwizdala on Jul 15, 2024
Verified
Federal unemployment compensation tax becomes an employer's liability at the time the employee is paid.
Unemployment Compensation Tax
A tax paid by employers to fund unemployment benefits for workers who have lost their jobs.
Employer's Liability
Refers to the employer's obligation to compensate employees for injuries and illnesses that occur due to their job.
Employee
An individual who is hired to work for a company or organization in exchange for compensation, typically under an employment agreement.
- Understand the concept and implications of federal unemployment compensation tax.
Verified Answer
Learning Objectives
- Understand the concept and implications of federal unemployment compensation tax.
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