Unemployment tax is a tax that is levied on employers and is collected for the temporary support of people that are currently jobless. The purpose of obtaining the unemployment tax is to help unemployed people until they find a suitable job again. Unemployment taxes are applied at the federal level and state level.
All businesses other than qualified charitable and government institutions are required to pay unemployment tax through their tax contributions on the payroll. The payments are directly transferred to the unemployment fund account of the government. New businesses are also exposed to unemployment tax that is applied on the first $7000 wages given at a rate of 6%.
Richard McCarthy (born 2/14/64; Social Security
Alamar Petroleum Company offers its employees the option of contributing retirement funds
Selected transactions completed by Kornett Company during its first fiscal year ended
Cedarville Company pays its office employee payroll weekly. Below is a
Green Day Hardware Company’s payroll for November 2014 is summarized below.
The payroll of YellowCard Company for September 2013 is as follows.
Below is a payroll sheet for Otis Import Company for the month
The general ledger of Smokey Mountain Mfg., Inc., showed the
Lee Financial Services pays employees monthly. Payroll information is listed below
On January 14, at the end of the second week of
