As of 2015 the unemployment tax rate in California for new employers is 3.4 percent for two to three years; 6.2 percent is the highest rate for all employers, according to California's Employment Development Department. Employers do not pay more than $434 per employee p...
The current sales tax rate in Texas is 6.25 percent as of June 2015, according to TaxRates.com. However, the total tax rate may be as high as 8.25 percent depending on the municipality.
Visit the ADP or the Tax Policy Center websites to view state unemployment tax rates. ADP offers a fact sheet for each state that includes unemployment tax information, and Tax Policy Center provides a table of tax rates and downloadable files with historical informatio...
Unemployment benefits in Texas are handled by the Texas Workforce Commission and take the form of a weekly benefit amount. The benefit amount is determined by past wages, nature of separation from the previous job and other ongoing eligibility requirements.
To calculate unemployment compensation tax, first obtain a payroll tax information sheet, then determine the amount of annual income subject to employer payroll taxes. Next, calculate the unemployment compensation taxation rate, and multiply that by the annual income ta...
State unemployment tax rates vary from state to state. Most states use a payroll tax structure involving three rate types: one for new businesses, a discounted rate for established businesses, and a premium rate, according to the Houston Chronicle. A state's labor depar...
The unemployment rate affects the economy's debt, taxes and overall growth. When a person loses a job, he is no longer able to pay his debts or taxes, and he spends less. All of these things can be devastating to the economy.