The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2

-Unemployment insurance provided by the U.S. government is usually funded by:

Question

The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2
 
-Unemployment insurance provided by the U.S. government is usually funded by:

Quizplus · Accepted Answer

Unemployment insurance is usually funded by the national tax on payrolls levied on firms. This tax is commonly known as the Federal Unemployment Tax Act (FUTA) and it provides funds for the state unemployment insurance programs, which cover eligible workers who have lost their jobs through no fault of their own. Options A, C, D, and E are not correct as they do not relate to the usual source of funding for unemployment insurance.

The Table Given Below Shows the Absolute Tax Amounts Under