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

Created on  | Last modified on 

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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