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How Does State Unemployment Insurance Get Funded?

State Unemployment Insurance (SUI) is funded by taxes primarily paid by employers on wages that they pay their employees. SUI gives short-term benefits to people who lost or left their jobs for a variety of reasons. Every state has a “taxable wage base,” which is the annual amount of wages paid by an employer to an employee that are subject to state SUI. PaycheckCity has compiled a list of the 2014 state unemployment insurance taxable wage bases for your reference.

How Does State Unemployment Insurance Get Funded?

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Updates to 2024 Federal Taxes

IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!

2024 Federal Benefit Limits Increase

Check out the updated 2024 Federal benefit limits for 401(k), HSA, and simple IRA, and more. Stay informed and plan your finances with confidence!

Maximize Your 401k Contributions in 2024: A Guide with Calculator

New updates to the 2023 and 2024 401k contribution limits. Use a free paycheck calculator to gain insights to your 401k and financial future.