Do they pay a lump sum every month based on a fixed tax rate or a variable tax rate? Is it based on how many employees they have? Or how many employees file for unemployment? Or is it based on the combined wages and hours of all employees that worked for a set time frame? What about things like workers comp, FMLA and military leave, etc, does that affect it at all?
Is it amount they pay budgeted based on projections of a set percentage of employees that might or might not apply for benefits? What if the number of employees who actually apply and/or get the benefits go over that projected or budgeted cap or percentage? Do they pay a penalty or higher taxes in the future based on current numbers?
How does it work exactly?
Is it amount they pay budgeted based on projections of a set percentage of employees that might or might not apply for benefits? What if the number of employees who actually apply and/or get the benefits go over that projected or budgeted cap or percentage? Do they pay a penalty or higher taxes in the future based on current numbers?
How does it work exactly?