In: Accounting
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
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 |