State Unemployment Rate

You should receive a rate calculation from your state tax agency based on your rating history. New businesses or newly covered employers are assigned a total tax rate by the state, until such time as they are eligible for a rate calculation based on their experience rating history. You should search your state tax agency or department of labor Web site for the new business tax rate.

Note: If the State Unemployment Rate fields reads "Formula", that means that Sage 50 could not read the state unemployment formula (SUI). Just type in the rate on this window. Typing in the rate will regenerate the SUI formula with a correct SUI rate.

Generally, employers must pay both state and federal unemployment taxes if: (1) they pay wages to employees totaling $1500, or more, in any quarter of a calendar year; or, (2) they had at least one employee during any day of a week during 20 weeks in a calendar year, regardless of whether or not the weeks were consecutive. However, some state laws differ from the federal law and employers should contact their state workforce agencies to learn the exact requirements.