What would you like to do?
Was unemployment compensation always taken out of paychecks?
At the end of 6 months what kind of extension is available if you are actually seeking work but have not found a job yet.
Update: Dec. 12, 2010: You can go to the Related Link below for more info. The answer is YES. President Bush passed the bill on June 30,2008. It goes into effect as of July 6…, 2008. Click on the EUC(Emergency Unemployment Compensation) benefits. At least Bush did something right for a change since the economy is so bad right now and so many people in so many ways are suffering. Good luck to everyone and hopefully the situation will get better soon. Hope this info helps many in need. A second extension of unemployment benefits was also signed on November 21, 2008. This extension became effective in Florida on November 23, 2008. For details or to file claims and extend benefits, check with your state unemployment office, see the Related Link below.
taxes are taken out if you ask them to.
Anything you want and the payroll provider agrees to have taken out. In regards too "must be taken out"....the list is endless and depends on circumstances - but obviousl…y - Taxes, FICA, unemplyment, disability, other insurance or employee benefit contributions, union dues, legal garnishments...list goes on and on.
We have access only to people to whom we've contributed unemployment. The state has access to that information and uses it to determine how much, if any, employment a claimant… is eligible to receive.
unemployment benefits were made to help unemployed people live by having a feasable income of some sort not earned from employment application
You can request that no federal income tax be taken out of your paycheck. You cannot request that no Social Security tax be taken. State tax rules vary by state. But be awar…e that there are consequences. If you underpay your federal income tax by a large amount (at least $1000 or more in some cases), there will be a penalty which is calculated like interest on the unpaid balance. If you are discovered to have claimed exemption from withholding or to have claimed too many withholding allowances without having a reasonable basis at the time you did so, you could be subject to a $500 civil penalty in addition to the underpayment penalty and the IRS could order your employer to withhold at the highest rate. There is also a criminal penalty on the books, but it is rarely enforced and only under extreme circumstances. If you owed no federal income tax the previous year (meaning that if anything was withheld you got it ALL back) and expect to owe none this year, then you are completely within your rights to check the "exempt" box on your W-4 form and have no income tax withheld. You will not get into any trouble. I do not mean to discourage anyone who legitimately will owe no tax from having no tax withheld. That is a perfectly legitimate thing to do. But if you are thinking that you can just have no tax withheld and then pay the government a large sum of money at the end of the year, you will get in trouble for doing that. Aim to have approximately the right amount withheld. It doesn't have to be exact, but don't go overboard in either direction.
Benefits are paid by the state from a special fund. The fund gets its money from employers, who pay a tax specifically for this program. The funding mechanism is very differen…t from a system such as workers' compensation, in which an employee receives payments directly from an employer through the employer's insurance company. It is also different from benefit programs that use state general fund money. The fund that pays unemployment insurance benefits is not available for other purposes. For more information visit the Related Link.
The state can deny you for numerous reasons such as; Failure to attend UI hearings or provide information in a timely manner. Employer stated that you quite or were terminated… due to: "Gross Misconduct"
The money you receive if you are granted unemployment. Usually a certain percentage of what you made prior.
You do not have any set percentage amount for this purpose. You employer payroll department may be able to give you an amount that they are required to withhold from your gros…s pay for all of the necessary items that they are required to withhold before they issue you your net take home pay check. After you have your paycheck in your hand nothing is withheld from your net take home paycheck. ans There is no specific fixed amount or percent. Two people working at the same job, making the same wage may (an almost always do) have much different amounts required to be withheld. THE AMOUNT WITHHELD IS DETERMINED BY YOU...NOT YOUR EMPLOYER, THE IRS OR ANYONE ELSE. It depends on many, many things...not the least of which is what you consider tax. Many people group all their withholdings as a type of tax, but many may not be. Workers Comp, Unemployment, even FICA are all really more an insurance payment than a withholding against an income tax. The amount of tax withheld depends obviously o which state (or even city) your in, the amount of income your projected on earning over the year, (which helps determine your tax bracket and the percent that may be required), as well as your filing status, number of dependents and other deductions (like interest on a mortgage) or contributions to 401K, or medical and other benefits you selected, etc., etc. All these things can be adjusted for your circumstances by properly and completely filling out (or changing) the Form W-4 all employers ask you to. The variations are so numerous that again, it is fair to say that it would be uncommon for 2 people, working at the same job making the same salary would have the same amount withheld. There are even a number of different legal ways for the payroll provider to calculate the amount to withhold considering all the above...but overall they make only a small difference. Remember, anything withheld is just being done as an estimated installment payment toward whatever tax, if any, you do ultimately owe. If too much is withheld, it is refunded. (Too little, and you could pay a penalty and interest charges). Again, adjusting your W-4 is the way to correct for any of these circumstances. Just follow the instructions and examples for that form and you should have a very close amount for what is needed withheld for your situation...if for any number of reasons including those above, the situation changes... you will need to change the W-4.
Possible reasons: 1) Your income is very low. 2) The number of withholding allowances on your W-4 is very high. 3) You claimed "exempt" on your W-4. 4) Your employer i…s treating you as a contractor rather than an employee. 5) There is some sort of clerical error. 6) You applied for Advance EIC payments. If you normally get back all of your taxes at the end of the year anyway, this is not a bad thing. If you don't, then you should investigate further.
In the US, the employer pays a payroll tax to the state, which in turn pays unemployment benefits to workers who qualify In Canada this is funded by the working people of Cana…da through their mandatory contributions.
During your working life, you pay Medicare tax out of your paycheck. That tax pays for your Medicare Part A (hospitalization). When you turn 65 and enroll in Medicare, y…ou can choose to enroll in Part B (medical/doctor's office). The premium for Part B for 2009 is $96.40 per month (if you make less than $85,000.00 per year) which is automatically deducted from your Social Security check.
There are two reasons you may have no federal taxes taken is if you claim exempt on your W4 or if you claim a higher amount of dependents.
Typically Unemployment Compensation occurs when one loses their job either because they were fired or layed off by an employer. By law, the employer is required to pay that pe…rson a percentage of their pay for a set number of weeks. If one quits a job, it can not be collected.