Unemployment Insurance Tax (UI) what is the tax? What does it mean for the cost of layoff employees?

Right now we are seeing corporations lay off employees, is there a tax for laying off employees? What about the payroll tax any changes? What types of taxes are impacted?

Note: This is more of State and Local Tax Issue, we will cover SALT, read about WA State Unemployment Tax SUI

 

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Unemployment Insurance Tax UI is a tax paid by employers to fund unemployment benefits for eligible ... View the full answer