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Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
Thursday brought on a slew of economic data ahead of Friday's key unemployment and nonfarm payrolls data. The Labor Department and jobs watchers have some good news and some bad news to chew over ...
A bill increasing the borrowing authority of FEMA was enacted on January 6, 2013, and the appropriations bill was enacted on January 29, 2013. [21] At around 2 a.m. on January 1, 2013, the Senate passed a compromise bill, the American Taxpayer Relief Act of 2012, by a margin of 89–8. The bill would delay the budget sequestration by two months ...
That is, the effective tax rate regresses, or decreases, as income increases beyond the compensation limit or wage base limit amount. [77] The Social Security component is a flat tax for wage levels under the Social Security Wage Base (see "Regular" employees above). Because no tax is owed on wages above the wage base limit amount, the total ...
The unemployment rate remained steady at 7.8% for December, according to a Department of Labor report [opens in PDF] released today. Nonfarm payroll employment rose by 155,000, enough to offset ...
Additionally, workweeks for all workers decreased by 0.1 hour while hourly wages dipped by $0.02. In. The jobs report for July was a bit of a downer, with only 162,000 jobs created for the month ...
The Department of Labor released its May employment report (link opens a PDF) today, and messages are mixed on labor market improvements. Total nonfarm payroll employment increased 175,000 ...
The Bill would amend the Continuing Appropriations Act of 2011 (which was itself amended by the Continuing Appropriations Resolution, 2013 (Pub. L. 112–175 (text))), to extend through December 31, 2013: (1) the freeze on statutory pay adjustments for federal employees and officials, and (2) the prohibition against any member of the Senior ...