New Employer Tax Rates to Increase
The tax rates for new employers will increase from 1.91% to 2.41% for new employers in non-high experience rating industries and will increase from 8.00% to 8.90% for new employers in high experience rating industries.
Federal Loan Interest Assessment Set at 2%
A federal loan interest assessment of 2% will take affect for 2011. This is calculated by multiplying the sum of the employer’s tax and “Additional Assessment” of 14% by 2%.
Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page