What percentage of the state unemployment compensation tax is paid by employees?

Study for the South Carolina Business Management and Law Exam with comprehensive question sets, flashcards, and detailed explanations. Prepare effectively and ace your exam!

In South Carolina, employees do not directly contribute to the state unemployment compensation tax. Instead, it is an employer-funded program where the responsibility lies solely with the employers to pay the unemployment tax to the state. This system is designed to provide financial support to workers who lose their jobs through no fault of their own, ensuring that employees receive benefits funded entirely by employer contributions.

As a result, the correct understanding is that the percentage of the state unemployment compensation tax paid by employees is indeed zero, making it clear why the option indicating no payment by employees is correct. Each state has its own rules regarding unemployment funding, but in this case, South Carolina specifically establishes that the burden of funding the unemployment system rests entirely on employers.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy