Business Terms

Term

Definition

Redetermination

An Unemployment Claim has been filed and the base period wages for the Claimant are either missing or incorrect. There are two types: Benefit and Status.

Benefits Redetermination

This type of investigation determines whether proper reporting of compensation occurred for benefits consideration and reevaluation.

Status Redetermination

This type of investigation determines whether the liability of an employer account and proper reporting of compensation occurred.

Status Investigation

This type of investigation looks into all aspects of an employer’s liability.

Financial Audit

This type of investigation is usually requested when an employer requests some sort of compromise based on a debt amount. The purpose is to examine the financial status of the employer in order to determine their ability to pay the debt in question.