how does the state pay unemployment income to employees who got laid off. i know employers must pay some sort of taxes during employee's employment but what exactly is it?
State/Country relating to question: California
Hello and thank you for entrusting me to answer your question. My goal is to answer your question completely and thoroughly and to provide excellent service. Unemployment benefits are paid through the unemployment insurance system run by the state. Unemployment insurance operates like any other form of insurance--life insurance, car insurance, etc. A large number of people pay into the system, and then a much smaller number actually withdraw money through claims.Every employer is REQUIRED to carry unemployment insurance on behalf of each of their employees. This is paid in the form of a payroll tax. With employers paying into the UE system on behalf of millions of employees every year, those premiums fund the actual unemployment claims made by a much smaller percentage of the labor market. I sincerely XXXXX XXXXX this information helps you and I wish you the best.If you do not have any further concerns, I would be very grateful if you would give my answer a positive rating and click submit, as this is the only way I will receive credit for assisting you. If you have any additional concerns that you would like me to address, please feel free to let me know by hitting the REPLY or CONTINUE CONVERSATION button and I will be more than happy to continue assisting you.Finally, please bear in mind that none of the above constitutes legal advice nor is any attorney client relationship created between us.Thank you and very kindest regards.
Significant experience in all areas of employment law.
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