Question

1) What is the new employer tax rate for Unemployment Insurance? Please enter your answer as...

1) What is the new employer tax rate for Unemployment Insurance? Please enter your answer as a decimal or whole number. For example if the rate were two and a half percent, you would enter 2.5 as your answer.

2) What is the maximum amount of Employment Training Tax (ETT) per employee, per year (in dollars)?

3) Employers are required to report all new hires within how many days of their start-of-work date to the New Employee Registry?

Homework Answers

Answer #1
  1. The new employer tax rate for Unemployment Insurance is 3.40% for two or three years.
  2. The Maximum amount of taxable wage limit for ETT is $7,000 per employee per calendar year for year 2020 and ETT tax rate is 0.1%, therefore, maximum amount of ETT per employee per calendar year is ($7,000*0.1%) $7.00
  3. The employers are required to report all newly hired or rehired employees to the New Employee Registry (NER) within 20 days of their start-of-work date by law. The start-of-work date is the first day when services were performed for wages by the employees.
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