What Is The Tax Rate That A New Employer Will Have To Pay?

The tax rate for new employers is 2.7% of the first $7,000 of wages earned by each employee each calendar year. Governmental employers rate is 1.0% and they have the option to be taxable (pay contributions) or reimbursable (reimburse the Fund for benefits paid.) Not for Profit employers rate is 2.7 and they have the option to be taxable or reimbursable.

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