Utah General Contractors - Business and Law Practice Exam

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What is the minimum amount of wages in a calendar quarter that triggers the requirement to pay Unemployment Insurance?

$1,000
$1,500
$2,000
$2,500

The correct answer is: $1,500

The minimum amount of wages in a calendar quarter that triggers the requirement to pay Unemployment Insurance in Utah is indeed $1,500. Employers are required to pay Unemployment Insurance if they pay this amount in wages during a single calendar quarter. Understanding the threshold is crucial for employers to ensure compliance with state laws regarding unemployment insurance. When employers reach this specific wage amount, it signifies they have enough employees or payroll to necessitate contributions to the unemployment insurance fund. The other figures mentioned do not represent the correct threshold for determining the requirement to pay Unemployment Insurance. Thus, being aware of the specific amount—$1,500—helps employers properly manage their responsibilities related to unemployment insurance contributions.