Unemployment insurance is the Government program paying benefits to the workers who were laid off. Majority of the states of the US offer these benefits. However, criteria of some states for allowing unemployment benefits differ from the others. The Social Security Act passed in the year 1935 included the concept of unemployment insurance; the idea of offering benefits to the unemployed individuals in the country came into practice for the first time after inclusion of this law. This law levied FUTA or Federal Unemployment Taxes on companies or businesses having 8 or more workers who were working for twenty weeks or more. Every state that decided to introduce this new unemployment benefit system required preparing separate programs for imposing the unemployment taxes on the employers of the  [...] 

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There is a giant amount of uncertainty hanging not just over the American economy, but also the world economy. And as Americans go to vote in the congressional mid-term elections, the question must be looming large in the minds of voters; with employment stuck at 10% and the GDP crawling along, can it get much worse. The simple answer is maybe not, but it’s a long ride yet to a full recovery. This has been the most heart-wrenching of recessions, the worst since the Great Depression for sure and the recovery itself hasn’t inspired everyone either. Nor has it picked up pace, for it slowed down quite noticeably this year. GDP growth was a decidedly geriatric 1.6% in Q2, and it seems to be the trend for American output as opposed to the exception. The moment the temporary tax incentives lapsed  [...] 

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Certainly, after finishing this article, I will have more enemies than before. Therefore, before I start, I would like to apologize in advance because this post is going to offend many people being overpaid as compared to the amount of effort they put. Read this article and enjoy, if you are not among the ones listed below. If you are, try to keep profanity to the minimum. 10 – TV Weatherman Did you know, KNBC weatherman earned over $1,000,000 as inflation adjusted salary since 1997? They get more than $35,000 salary for simply parroting the data collected from National Weather Service. The best part about this job is TV weatherman are not held accountable even if they are completely wrong about the weather. 9 – Real Estate Agents For High-End Properties An average real estate agent earns  [...] 

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If you want to become rich, or earn extra money, most people say, look for opportunities outside work place. You can take up part time evening job or you can start your home business. Even I have suggested such techniques in the past. However, one area, where we don’t focus much, which has great earning potential, is your workplace. I admit not many people are content with what they are doing, and probably getting, at work. Most employers ask you to work more for less. However, you must accept that economic scenario in the country has changed, and you will be asked to do more for next many years. The quicker you accept this, the more successful you will become. Besides, if you love your job, do more than usual, and stretch an extra mile to achieve targets quickly, you will stand out amongst  [...] 

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One of the most important things students look at, while selecting a career, is the earning potential it has. Although money should not affect your decision while choosing a career path, it cannot be avoided completely. But before you choose a high paying career, remember it requires specialized skills to excel. A research conducted by national Association of Colleges and Employers (NACE) lists down top ten highest paying careers in the US. This research was conducted with the help of data provided by more than 200 private and public institutions all over the country. Although the results may not be an accurate representation of market conditions, it certainly helps us to arrive at a conclusion. Petroleum Engineering  – $86,220 Chemical Engineering  – $65,142 Mining and Mineral  [...] 

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Whoever said becoming a millionaire is difficult? It’s probably very easy if you have a steady job, a bit of money, discipline, time, and patience. Simply follow these steps devotedly to know how to become a millionaire: 1.    Earn Money Very first step you need to do in order to become a millionaire is to earn money. You cannot become wealthy without earning money. There are, however, few exceptions like winning a lottery or inheriting a fortune. But for all others, you will have to earn money and create additional sources of income. Your motto should be create as much wealth as you can with your free time. 2.    Cut Down Expenses You must have heard this probably millions of times, and there are several articles about it on every personal financial blog. Unfortunately, not many of  [...] 

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When I talk to my clients about creating alternative sources of income, many believe it is for ultra-rich people. Let alone ultra-rich, I believe, it is essential for every individual, even a guy with very small income. You don’t believe me? Alright, answer this question? What if you lose your current job? I know you would start searching for a new one. What if, however, you don’t get it for months? Do you have any other source of income to support your family, or at least to take care of your expenses? If you, on the other hand, have alternative income sources, you don’t have to bother about loss of job or any other financial emergencies. I have always informed my clients to create income sources as many as they can. And trust me, it isn’t difficult. Anything that brings in extra money  [...] 

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Apart from having an additional source of income, your home based business could help you to save a considerable amount of money otherwise paid as tax. You home based business is probably the best tax shelter you will ever have. For people who have a steady job but not married nor do they have any spouse or kids, they don’t have many options for tax deductions apart from home based business personal tax shelters. They don’t have a home loan, so they cannot have interest deduction. Nor do they have children to claim any deductions related to raising a child or family. In such cases, these personal tax shelters for people with home based business serve to be the best way to save money on tax. Let’s have a look at few of them. Say you are using a room for your home based business. The amount  [...] 

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