Which of the Following Statements Concerning Unemployment Insurance Is Incorrect

question 54

Multiple Choice

Which of the following statements concerning unemployment insurance is incorrect?

• A) It involves weekly payments.
• B) It provides assistance to those who have been laid off and cannot find work.
• C) The benefits and requirements are determined by Congress.
• D) It is paid for by taxes on employers.
• E) None of the above

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Definitions:

Dividends

Dividends are payments made by a corporation to its shareholders, typically out of its profits, as a distribution of earnings.

Net Income

The remaining earnings of a business after subtracting all expenditures and taxes from its total income.

Financial Position

A snapshot of a company's assets, liabilities, and equity at a specific point in time, indicating the financial health and stability of the entity.

Operating Cash Flow

The cash generated from a company's normal business operations, reflecting how much cash is generated from revenues after operating expenses.