Answered

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All of the following are true regarding California unemployment benefits except:
A. Unemployment insurance (UI) provides temporary payments to individuals who are unemployed through no fault of their own
B. Unemployment insurance benefits are taxable income for Federal purposes
C. Unemployment insurance benefits are not taxable by the State of California
D. The Employment Development Department (EDD) sends a Form 1099-MISC to each individual for the total unemployment insurance benefits paid during the prior year

Sagot :

Answer:

D. The Employment Development Department (EDD) sends a Form 1099-MISC to each individual for the total unemployment insurance benefits paid during the prior year.

Explanation:

The Unemployment Insurance or popularly known as the UI is the assistance provided or a temporary compensation paid to the unemployed youth of the States. These are provided to those people who are not employed through no fault of their own.

The unemployment benefit provided is taxable for both Federal tax as well as it depends on where we live. The state of California does not tax the Unemployment insurance given to the unemployed.

Form 1099 MISC is a tax form and is issued by the Internal Revenue Service. It is used to report the various incomes of the people.

Thus the correct option is (D).

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