Unemployment Insurance Is Financed by a _______________On Covered Wages

Unemployment insurance is financed by a _______________on covered wages.

A) 7) 65% federal tax on covered wages up to $7,000
B) 6) 2% federal tax on covered wages up to $7,000
C) 5) 4% federal tax on covered wages up to $87,000
D) 6) 2% state tax on covered wages up to $7,000