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Billions Spent on Unemployment Will Mean Higher Employer Taxes

State unemployment agencies have borrowed $32 billion and counting from the U.S. Treasury to pay record-high jobless benefits claimed during the coronavirus pandemic. Repaying that debt is likely to involve raising the unemployment taxes that employers pay.

Payroll Week: Sept. 27 to Oct. 3

Paying federal employment taxes and filing reports to the Internal Revenue Service are among the many key duties of payroll professionals.

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