2020Tax Rates
The tax rates for Tax Schedule II are as follows:
Taxable minimum rate:
|
0.7% |
|---|
Taxable maximum rate:
|
5.4% |
|---|
| Taxable base tax rate: |
2.1% (new employer rate) |
|---|
| Special payroll tax offset: |
0.09% (0.0009) for 1st quarter |
|---|
| |
0.09% (0.0009) for 2nd quarter |
|---|
| |
0.09% (0.0009) for 3rd quarter |
|---|
The taxable wage base for 2020 is $42,100.
Filing Due Dates