Attention Florida Employers: SUI Wage Base Decrease
On Friday, March 23, the State of Florida released that it signed into law a reduction to the UI wage limit effective retroactively to 1/1/12. The reduced wage limit is now $8,000, down from the prior limit of $8,500. DirectPay is in the process of updating our system to accommodate the amendment. What is an Unemployment Taxable Wage Base? As an employer, you are required to pay "x" amount of taxes for the first "x" amount of employee wages. This applies to FICA, State Unemployment (SUI) and Federal Unemployment (FUTA). However, for purposes of understanding SUI wage base, we will [...]