Lincolns Comic Strip For Economics

Updated: 3/26/2021
Lincolns Comic Strip For Economics

Storyboard Text

  • My work just had to let go 10 people and im one of them. Covid is really messing things up. Now i have to file for unemployment!
  • I dont know a single thing about Unemployment, i should probably go research before i do anything else.
  • After doing some research online, I found that UI is a FEDERAL tax program that temporarily replaces a portain of wages for workers who have been layed off. This gives lots of smerican families the support they need to survive. And that means me!
  • While researching, i went a little in depth and found that UI taxes dont come from the employees, but from the employer as a whole. This then led me to find out the the current federal unemployment tax rate is 0.06% of the first $7,000 of wages. And that $700 cap is called the taxable wage base.
  • Overall, i learned that this programWill actually support me alot until i can find a job, it will also give em more time to find a job aswell. This tax doesnt affect other americans too much at all really, since the tax comes from the employer. This shouldnt create a big problem between the people and our government, but now since The Covid-19 pandemic is eliminating lots of jobs, it will be alot harder to get into the program.