BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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money earned for having a job
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health insurance when unemployed
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money that substitutes for wages or salary, paid to recently unemployed workers from gov.
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None of the above
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Detailed explanation-1: -Unemployment benefit is money that some people receive from the state when they do not have a job and are unable to find one. That year more than three million were receiving unemployment benefit. Unemployment benefits are directly related to previous earnings.
Detailed explanation-2: -Unemployment Allowance is provided to workers losing their jobs under no fault of their own (on account of closure of factories, retrenchment, or permanent invalidity of at least 40% arising out of non-employment injury). An unemployment allowance is 50% of an insured worker’s daily average earnings.
Detailed explanation-3: -Unemployment is a term referring to individuals who are employable and actively seeking a job but are unable to find a job. Included in this group are those people in the workforce who are working but do not have an appropriate job.
Detailed explanation-4: -In India, Unemployment allowance is given to workers who have contributed to the Employees’ State Insurance for at least three years. The benefit is given for a maximum of one year and is either 50% of the average daily wage or Rs 35, 000 a month, whichever is lower.