Answered: Explain what an experience or merit…

Explain what an experience or merit rating is and how it affects the amount paid by an employer for state unemployment insurance

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter8: Payroll Accounting: Employee Earnings And Deductions

Section: Chapter Questions

Problem 9RQ

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can you help me how to Explain what an experience or merit rating is and how it affects the amount paid by an employer for state unemployment insurance

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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