![]() State law instructs ESD to adjust the flat social tax rate based on the employer’s rate class.Shared-cost tax, based on costs from the previous year for benefit payments that can’t be attributed to specific employers.Employers are placed in one of 40 rate classes based on former employees’ use of UI program.įlat social tax currently capped at 0.50% ( RCW 50.29.025).Annual tax calculation based on the ratio of benefit claims of former employees charged to the employer and taxable wages reported by the employer over the preceding four fiscal years.During times of high unemployment, states may borrow from FUTA funds, helping provide benefits to locally unemployed people.Īn employee’s wages are taxable up to an amount called the taxable wage base, authorized in RCW 50.24.010. They’re used for oversight of state unemployment programs. FUTA taxes are administered at the federal level. ![]() They’re deposited in the state’s UI trust fund.
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