Question

In: Accounting

the employment insurance premium reduction program grants employers a reduced: 1) Employee Premium Rate 2) Employer...

the employment insurance premium reduction program grants employers a reduced:

1) Employee Premium Rate

2) Employer and employee premium rate

3) employer group insurance premium rate

4)employer premium rate

Solutions

Expert Solution

The employment insurance premium reduction program grants employers a reduced employer premium rate
Generally, the employer premium rate is 1.4 times the premium rate for employee. Under the employment insurance premium reduction program, this is paid at less than 1.4 times.
Option 4 is correct

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