Quick Bites about Unemployment Benefits:
- Check your state’s Department of Labor for details
- Unemployment Benefits are paid out of a state level mandatory insurance pool with employers paying a tax to fund the pool.
- In Alabama and Georgia new businesses pay 2.7% on the wage base. After a period of time the tax rate falls or rises based on number of claims currently and recently paid to former employees.
- There is a table for calculating.
- Payments are made on a quarterly basis
- Some entities are exempt from the unemployment insurance tax (non-profits, religious, among others)
- Employees are not eligible if reason for separation of diminution of hours is their fault:
- Fired for cause
- Quit
- Part time employees may be eligible if their paychecks fall below the benefit amount for that reporting period.