Steve worked as a tech supervisor for a computer company. In September of 2016, he was laid off. He was paid unemployment compensation for the rest of the year totaling $7,000. Which of the following is true? a. Steve will have to report all $7,000 of the unemployment compensation as income.
b. Steve will have to report $4,600 of the unemployment compensation as income.
c. Unemployment compensation is never taxable.
d. As long as the unemployment compensation payments are less than the taxpayer's previous salary, they are not taxable.

The answer is A.

Explanation:

Unemployment compensation is a benefit paid to people who lost their job via laid off, recession etc

Unemployment compensation is being reported or treated as income and it will be taxed at prevailing income tax rate.

So in the light of the above, option A is correct. The $7,000 unemployment compensation will be reported as income.

answer; i do believe that the correct answer is (c)///management,unions, lobbyists and

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.