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what are the benefits of such a share-work compensation program to the employer and employee?
Employers The employer must have four or more full time employees participating in the plan. The employees must have a reduction in hours and a corresponding reduction in wages of not less than 20 percent and no more than 40 percent of [ full time norm. The employees fringe benefits cannot be reduced nor eliminated during the plan. The plan must be in lieu of a layoff of an
equivalent percentage of employees. All participating employees must be identified by name and Social Security number. The plan applies to only full time permanent employees Employees An employee must be able to work and available for full time work with the participating employer. An employee must be eligible for regular unemployment compensation. No employee may receive a combination of shared work benefits and regular unemployment compensation benefits that exceeds the legal maximum total benefits payable to the claimant during the course of his benefit year. ]
Expert answered|chikaygoods|Points 240|
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Asked 9/10/2012 7:39:04 PM
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10. Wolf Company is giving a net bonus check of $500 to all of its employees. If each of the payments are subject to FIT (25% supplemental rate) and FICA taxes, but no state taxes, the gross amount of each bonus check would be a. $742.39 b. $663.75 c. $656.00 d. $662.75 e. none of these.
Weegy: 10. Wolf Company is giving a net bonus check of $500 to all of its employees. If each of the payments are subject to FIT (25% supplemental rate) and FICA taxes, but no state taxes, the gross amount of each bonus check would be e. none of these (More)
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