What Is The Tax Rate?

Each employer is assigned a tax rate, which is then a factor in computing your quarterly unemployment taxes. The tax rate is multiplied against your quarterly taxable payroll to obtain your quarterly tax liability. For new employers, you will be assigned the average tax rate for the industry in which you are doing business. After 24 months of potential liability (period during which quarterly charges could be applied against your account), rates are individually re­computed for each employer and, thereafter, on an annual basis.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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