A stockholder of a corporation is required to pay unemployment insurance taxes on his/her salary.
Unemployment insurance is a federal-state program that provides different temporary benefits to workers who become unemployed because of their no fault of their own, and also they are able as well as available for work.
The benefits which are paid to unemployed workers reduce the hardship of their unemployment,.
It helps them to maintain purchasing power of the unemployed people. which in turn supports the local economy as well as help the economy to stabilize the workforce such that the local workers are available to employers when they are ready to get reemployed.
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