The Origin of the Current Unemployment Insurance Program for Employees

question 11

Multiple Choice

The origin of the current unemployment insurance program for employees who are unable to work through no fault of their own is the

• A)Fair Labor Standards Act.
• B)Consolidated Omnibus Budget Reconciliation Act.
• C)Social Security Act.
• D)Federal Insurance Contribution Act.

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Definitions:

Bank Error

A mistake made by a bank in accounting transactions, deposits, withdrawals, or charges.

NSF Check

A non-sufficient funds (NSF) check is a check that cannot be processed because the account from which the funds are drawn does not have enough funds.

Adjusted Cash Balance

The cash balance reflected in the books after adjustments have been made for checks issued, deposits in transit, and other discrepancies.

Check Register

A record maintained by an account holder to keep track of checks written, deposits made, and current account balances.