Asked by Aishah Khalea on Jul 05, 2024
Verified
Which of the following is a false statement regarding the Federal Unemployment Tax Act?
A) It provides a federal system to provide unemployment compensation to qualified employees who lose their jobs.
B) Employers must pay taxes to the states which,in turn,deposit the money into the federal government's Unemployment Insurance Fund.
C) Each state has an account from which it can access the money in the federal fund.
D) States have different minimum standards for qualifying for unemployment compensation.
E) Almost all states require that an applicant for unemployment compensation did not voluntarily quit his or her former job.
Federal Unemployment Tax Act
A United States federal law that imposes a payroll tax on employers to fund state workforce agencies, who administer unemployment insurance and job training programs.
Unemployment Compensation
A state system, created by the Federal Unemployment Tax Act (FUTA), that provides unemployment compensation to qualified employees who lose their jobs.
Unemployment Insurance Fund
A governmental fund designed to provide financial assistance to unemployed workers, funded by contributions from employers and the government.
- Comprehend the statutory obligations associated with occupational safety and joblessness benefits.
Verified Answer
Learning Objectives
- Comprehend the statutory obligations associated with occupational safety and joblessness benefits.
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