Who pays when a worker goes on unemployment?
Although many unemployed workers want to believe that they paid into the unemployment fund and should at least be able to get that money out, it isn’t exactly true. Check your pay stub and you will see that the amount of uc taxes withheld equals less than 1 per cent. The rest is provided by the employers who pay into the fund according to a formula involving the number of people they have laid off at certain times. However, when the Congress puts an extension in place, it comes from your federal taxes.
Related Questions
- If a worker is in training that has been approved for unemployment insurance purposes (referred to as UI approved training), is that worker eligible for TRA benefits?
- How do I report suspected fraud related by an employer who pays wages in Minnesota, but has not registered with Minnesota Unemployment Insurance?
- Who pays when a worker goes on unemployment?
