Question

What is unemployment insurance? Is an organization required to pay unemployment benefits to all dismissed employees?...

What is unemployment insurance? Is an organization required to pay unemployment benefits to all dismissed employees? Explain how you would go about minimizing your organization's unemployment insurance tax.

Homework Answers

Answer #1

Unemployment insurance is defined as the one that provides benefits to those employees who are unable to work through no fault of their own. It is also called unemployment benefits. It ensures that these dismissed employees earn a livelihood.

No, unemployment insurance laws do not require that every employee who is dismissed should receive unemployment benefits. There are some eligibility criteria that have to followed to earn the benefits of unemployment insurance.

The manager can minimize the unemployment insurance tax by making a list of warnings and using it to help demonstrate that the dismissed employees were dismissed because of their own behavior. The warning list will serve as an evidence that the manager told the employees to remedy their behavior.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is unemployment insurance? Is an organization required to pay unemployment benefits to all dismissed employees?...
What is unemployment insurance? Is an organization required to pay unemployment benefits to all dismissed employees? Explain how you would go about minimizing your organization’s unemployment insurance tax. Refer to chapter 13 pages 416-448 Question on page 442. Managerial Economics 3rd Edition, Gary Dessler.
2. Is an organization required to pay unemployment benefits to all dismissed employees? Explain your answer.
2. Is an organization required to pay unemployment benefits to all dismissed employees? Explain your answer.
The Federal government has a requirement that unemployment insurance beneficiaries pay income tax on their unemployment...
The Federal government has a requirement that unemployment insurance beneficiaries pay income tax on their unemployment benefits. Explain what effect you would expect this taxation of EI benefits to have on the unemployment rate
1) What is the new employer tax rate for Unemployment Insurance? Please enter your answer as...
1) What is the new employer tax rate for Unemployment Insurance? Please enter your answer as a decimal or whole number. For example if the rate were two and a half percent, you would enter 2.5 as your answer. 2) What is the maximum amount of Employment Training Tax (ETT) per employee, per year (in dollars)? 3) Employers are required to report all new hires within how many days of their start-of-work date to the New Employee Registry?
a. What are the legally required benefits employers must provide for their employees? b. Why are...
a. What are the legally required benefits employers must provide for their employees? b. Why are these benefits required? c. How can companies control the costs of each required benefit?
Course: Industrial Relationship Related to self-employment relations ( Severance Pay ) Severance Pay: is pay and...
Course: Industrial Relationship Related to self-employment relations ( Severance Pay ) Severance Pay: is pay and benefits employees may be entitled to receive when they leave employment at a company unwillfully. Required: A) What have you learned about "Severance Pay"? Describe your own sentences and outlines. B)  Consider how you can benefit from "Severance Pay" in your working life, and how "Severance Pay" can benefit you. ---------------------------------------------------------------------------------------------------------------------------------------------------------------- (Please Explain Long)
12. Abigail runs a small business of 55 employees. She is working hard to find a...
12. Abigail runs a small business of 55 employees. She is working hard to find a way to provide health benefits to all her employees by 2016 to be in compliance with __________. the Family Medical Leave Act Social Security the Affordable Care Act Medicare 2 points    QUESTION 13 Laura's organization provides group health insurance that covers a set percentage of fees for medical services such as doctors or in-patient care. It allows her to go to any doctor...
The two employees of Red Co. receive various fringe benefits. Red Co. provides vacation at the...
The two employees of Red Co. receive various fringe benefits. Red Co. provides vacation at the rate of $315 per day. Each employee earns one day of vacation per month worked. In addition, Red Co. pays a total amount of $650 per month in medical insurance premiums. Red also contributes a total amount of $400 per month into an employee retirement plan. The federal unemployment tax rate is 6%, while the state tax rate is 4%. Unemployment taxes apply to...
I need your answer for this question.Br//Ha This question is about unemployment insurance schemes and active...
I need your answer for this question.Br//Ha This question is about unemployment insurance schemes and active labour market programs. a) Use any model of the equilibrium rate of unemployment and discuss how a more generous unemployment benefit scheme is likely to affect wages. Explain through which channels these effects work in the model. b) Discuss the pros and cons with an unemployment benefit design where the generosity of the benefits falls with the unemployment spell compared to one where it...
If you pay $500 in health insurance premiums through your employer as a pre-tax deduction from...
If you pay $500 in health insurance premiums through your employer as a pre-tax deduction from your monthly payroll, how much is your annual tax savings, assuming a 30% marginal tax rate? Assume that if you did not buy the benefit through your employer plan, you would have to pay the same amount for private health insurance. (Show all your work.)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT