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The video tutorial focuses on filling out an Employment Verification Letter, which is used to verify a person's employment status and income. It is essential when applying for a new job, loans, or other financial obligations. The letter can also be known by different names such as Proof of Employment Letter or Income Verification Letter. Various entities like financial institutions and insurance companies may require this document for verification purposes. The letter provides proof of steady employment, ability to meet financial obligations, and make timely payments.