How to correct State Unemployment Insurance (SUI) limit or rate

Summary

How to correct the SUI limit or rate in Sage 50 Accounting.

Cause

The formula wasn’t updated.

Resolution

  1. Go to File, Payroll Formulas, User-Maintained.
  2. From the Formula ID list, select XXSUI ER YY, where XX is the state abbreviation and YY the 2-digit current year [example: NCSUI ER 25].
  3. Make the needed changes to the Limit or Percent in the Formula field.
    • After LIMIT=, if needed, enter the correct SUI wage limit for your state, leaving the semicolon at the end
      Example, for a limit of $31,400: LIMIT=31400.00;
    • After PERCENT=, if needed, key in the correct SUI percentage as a whole number and decimal, leaving the semicolon at the end
      Example, for a rate of 1.5%: PERCENT=1.50;
  4. Click Save.

For the State Unemployment taxable limit or wage base, visit https://payroll.org/compliance/compliance-overview/state-unemployment-wage-bases or contact your state's Department of Revenue.

 

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Solution Properties

Solution ID
221924750012429
Last Modified Date
Mon Nov 21 17:55:39 UTC 2022
Views
0