Page 284 - Essentials of Payroll: Management and Accounting

Unemployment Insurance
EXHIBIT 10.5 (CONTINUED)

New Employee Taxable
Employer Employer Withholding Wage
State Tax Rate Tax Rate Rate Limit Coverage
Illinois 0.6%–6.8% 3.1% None $9,000 Same as federal
Indiana 5.4% Std 2.7% None $7,000 Same as federal
Iowa 0%–7.5% — None $18,600 Same as federal
Kansas 5.4% Std 2% None $8,000 Same as federal
Kentucky 0%–10% 2.7% None $8,000 Same as federal
Louisiana 0.15%–6.2% (1) None $7,000 Same as federal
Maine 5.4% Std 1.83% None $12,000 Same as federal
Maryland 0.3%–7.5% 2% None $8,500 Any company paying
1+ employees in
the current year
Massachusetts 1.325%– 2.2% None $10,800 Any company with
7.225% 1+ employees in
13 weeks of the
current or
preceding year
Michigan 0.1%–8.1% 2.7% None $9,500 Any company with
1+ employees in
20 weeks of the
current or pre-
ceding year or that
is subject to FUTA
Minnesota 0.17%– 1.29% None $21,000 Same as federal
9.07%
Mississippi 5.4% Std 2.7% None $7,000 Same as federal
Missouri 0%-6% 2.97% None $7,000 Same as federal
Montana 6.5% Max (1) None $18,900 Any company with
payroll of $1,000+
in current or
preceding year
Nebraska 0.05%–5.4% 3.5% None $7,000 Same as federal
Nevada 0.25%–5.4% 2.95% None $20,900 Any company
paying 1+
employees in the
current year
New Hampshire 0.05%–6.5% 2.7% None $8,000 Same as federal

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