PAYROLL ACCT.,2019 ED.(LL)-TEXT
PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN: 9781337619783
Author: BIEG
Publisher: CENGAGE L
Question
Book Icon
Chapter 5, Problem 4QD

a.

To determine

State the benefits received on shared-work compensation program by the (1) Employer and (2) Employee.

b.

To determine

State the disadvantages noticed in the operations of a shared –work compensation, especially from the organized labor view point.

Blurred answer
Students have asked these similar questions
Karlson Software Company is located in State H, which enables employers to reduce their contribution rates under the experience-rating system. From 2005 to 2014, inclusive, the company’s total contributions to state unemployment compensation amounted to $14,695. For the calendar years 2015 to 2018, inclusive, the contribution rate for Karlson was 2.7%. The contributions of each employer are credited to an account maintained by the State Unemployment Compensation Commission. This account is credited with contributions paid into the account by the employer and is charged with unemployment benefits that are paid from the account. Starting January 1, 2019, the contributions rate for all employers in State H will be based on the following tax rate schedule: The annual payroll for calculation purposes is the total wages payable during a 12-month period ending with the last day of the third quarter of any calendar year. The average annual payroll is the average of the last three annual…
5. Unemployment insurance and permanent job loss. Workers sometimes lose their jobs due to international trade. These jobs are permanently gone, and many displaced workers have difficulty finding a similar job. The jobs they can find in a few months tend to offer much lower wages than their old job. Consider the following two proposals to provide unemployment insurance for such workers. Explain your arguments for or against each policy. a) Workers displaced from industries identified as impacted by foreign trade receive extended unemployment benefits. They will receive unemployment benefits for an extra 26 weeks beyond the normal 26 weeks eligibility. b) These workers receive unemployment benefits up to 26 weeks. In addition, if they accept a job at a lower pay than their old job, they are guaranteed 50% of the difference in earnings as a wage supplement for two years. (The government pays the supplement to the worker.)
Applebaum Security Company is located in State H, which enables employers to reduce their contribution rates underthe experience-rating system. From 2005 to 2014, inclusive, the company’s total contributions to state unemployment compensation amounted to $18,135. For the calendar years 2015 to 2018, inclusive, the contribution rate for Applebaum was 3.7%. The contributions of each employer are credited to an account maintained by the State UnemploymentCompensation Commission. This account is credited with contributions paid into the account by the employer and ischarged with unemployment benefits that are paid from the account. Starting January 1, 2019, the contributions ratefor all employers in State H will be based on the following tax rate schedule:Reserve Ratio                                                     Contribution RateContributions falling below benefits paid....................... 7.0%0.0% to 7.9%................................................................ 5.5%8.0%…
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
PAYROLL ACCT., 2019 ED.(LL)-TEXT
Accounting
ISBN:9781337619783
Author:BIEG
Publisher:CENGAGE L