Taxable Wage & Rate Information for 2006

• $24,000 – the annual taxable wage base for 2006 (the first $24,000 of gross wages paid to each employee is subject to UI tax in 2006)
• 0.40% - the base tax rate
• 2.32% - New employer tax rate for non-high experience rating industries (average cost rate + base tax rate)
• 8.40% - New employer tax rate for high experience rating industries (average cost rate + base tax rate)
• 9.30% - Maximum tax rate (maximum experience rating + base tax rate)

Additional Assessments and Fees for 2006

• Additional Assessment – 14.00% of tax due
• Workforce Development Fee (also referred to as Workforce Enhancement Fee) – 0.10% of taxable wages

When you submit your wage detail report each quarter, the total amount due will be calculated as follows:

Your Quarterly UI Tax + Additional Assessment + Workforce Development Fee = Amount Due

To view your tax rate notice or tax rate history, log in to your account using the Employer Self-Service System at www.uimn.org:

Tax Rate Notice:

click on Correspondence, then either click Search, or enter dates to limit the list, then click Search.

Tax Rate History :

click on Account Maintenance, then View Tax Rate History.

Visit UI Tax Rates for information on current rates.