Unemployment Compensation Tax

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Unemployment Compensation Tax

A tax levied on an employer that pays the unemployment insurance for the unemployed labor force. The tax is assessed as a proportion of the employer's payroll; the employer generally passes on payment of the tax to his/her employees.
References in periodicals archive ?
Worker Misclassification Grants: For the second year, the department is awarding grants to increase the ability of state unemployment insurance tax programs to identify instances where employers improperly classify employees as independent contractors or fail to report the wages paid to workers at all.
Employee Outsourcing Firms Get Tax Break, by Jay Root - A politically connected group of businesses will soon be getting a tax break, but all the other employers in Texas will have to pay for it through slightly higher unemployment insurance tax rates.
Without the freeze, business groups had warned that employers would be facing a $500 million rate increase and that Massachusetts would be left with the nation's highest unemployment insurance tax.
Ditto when it comes the lower-weighted taxes property tax and unemployment insurance tax.
According to an article in the August, 2013 edition the "Small Manufacturing Association of California Newsletter," the proposal is to increase the amount of wages subject to unemployment insurance tax from $7,000 to $9,500, and eventually to $12,000.
We continue to look at ways to improve Arkansas's rankings with our surrounding states in regards to our unemployment insurance tax rates and our minimum and maximum benefit amounts.
This process uses the most recent quarter from the Unemployment Insurance Tax Reports and estimates employment from that pant to present.
Employers - who pay 100% of the unemployment insurance tax - would be forced to pay an additional $186 per employee in 2019 than they paid in 2011.
Businesses in at least 35 states will have to pay more in unemployment insurance taxes this year, with the median increase of unemployment insurance tax at 27.
While the five-fold surge in the unemployment insurance tax that took place last year has buffered the reserves of the Unemployment Insurance Fund (UIF), Minister of Finance Jurgen Ligi does not see any need for any major tax reforms, reports Aripaev.
States could increase experience rating and reduce subsidies by adjusting aspects of the unemployment insurance tax structure, such as the maximum tax rate.
Each state has developed its own unemployment insurance tax system with various benefit payment amounts.

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