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Unformatted text preview: in worker skills by providing income during short-term layoffs (which allows workers to return to their employer rather than start over with another employer). a. The program is financed through federal and state taxes on employers.- The size of the state tax for employers depends on an experience rating, which is set by the organization's history with layoffs. Those who have laid off more workers in the past pay higher taxes. Management must try to keep this rating low. b. Unemployed workers are eligible for benefits if they have worked steadily in the past (often 52 weeks or four quarters of a work at a minimum level of pay), are available for and are seeking work, were not discharged for cause, were not discharged for cause, did not quit voluntarily, and are not out of work because of a labor dispute.- Benefits vary by state, but are usually about 50 percent of a person's earnings in his or her last 26 weeks—some states with high employment rates may fund longer, and sometimes Congress passes emergency legislation to extend benefits. Unemployment benefits are...
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- Spring '13
- Unemployment, percent Medicare tax, earnings influence retirement