Which of the following statements is not correct?
A. The reduction of state unemployment taxes because of favorable experience ratings reduces the credit allowable against the federal unemployment tax.
B. A few states levy an unemployment tax on the employee that must be withheld from the employee's pay.
C. The unemployment insurance program is a federal program.
D. One of the purposes of the unemployment insurance program is to stabilize employment and reduce unemployment.
Answer: A
You might also like to view...
The cash flow statement of the United Company is in process for 2019. The United Company is reporting the following balances: 12/31/18 12/31/19 Equipment$100,000 $170,000 Loss on sale of equipment 0 10,000 Accumulated depreciation-equipment 75,000 95,000 During 2019, United sold equipment costing $30,000 for $12,000 and made several purchases of new equipment for cash.Depreciation expense for 2019 is:
A. $ 18,000. B. $ 20,000. C. $ 28,000. D. $ 8,000.
_____ are creditors' claims for funds, usually because they have provided funds, or goods and services, to the firm
a. Revenues b. Expenses c. Liabilities d. Assets e. Shareholder Equity
The most important unwritten expectation is that
a. you not wear sleeveless T-shirts to work. b. you meet your coworkers for coffee at 10 a.m. each morning. c. you put in an honest day's work for an honest day's pay. d. none of these choices.
Some states that do not permit same-gender partners to marry provide that they can enter into civil unions
Indicate whether the statement is true or false