Why is payroll still calculating State Unemployment Insurance even after the maximum gross wages have been met?
QuickPayroll determines the maximum amounts per payroll item by multiplying maximum wages (supplied by the Tax Table) by the percentage rate. This amount is used to determine if the deduction has been met. For example: The maximum amount to be withheld for State Unemployment Insurance (SUI) is determined by the following: If the maximum gross wages are $7,000.00 and the percentage rate is .8%, then the maximum amount to be withheld is $56.00 ($7,000 x .08= $56). QuickPayroll calculates SUI on paychecks until the year-to-date amount equals $56.00, even if the gross wages have reached or exceeded $7,000.00.
Related Questions
- How does a claimant working part-time properly report his/her gross wages while filing for Unemployment Insurance benefits?
- Why is payroll still calculating State Unemployment Insurance even after the maximum gross wages have been met?
- Where do I put in the maximum wages for State Unemployment Insurance?
