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.
All the resources you'll need for 2016 Kentucky withholding tax, unemployment, income tax and more.
All the resources you'll need for 2016 Kentucky withholding tax, unemployment, income tax and more.
Withholding Requirements:
• Register as employer by filing Form UI-1 (Application for Unemployment Insurance Employer Reserve Account) or online here.
• Employee Withholding Allowance Certificate: Form K-4.
• Withholding Method = formula.
• Supplemental Rate = Add to regular wages for current or preceding payroll period, compute tax on total, and subtract tax withheld from regular wages.
Local Taxes: Complete list here.
State Unemployment Insurance (SUI): Reserve ratio formula. Wage Base is $10,200 for 2016.
Rates range from 1.0% to 10.00%, plus 0.21% interest surcharge. New employers use 2.70% for 2016, plus 0.21% interest surcharge.
New construction employers use 10.0%.
State Disability Insurance (SDI): None
State Labor Laws:
Minimum wage - The Federal minimum wage rate applies ($7.25).
Termination Pay - Fired/Quit - later of next regular payday or 14 days.
Employers must report hiring, rehiring, and return to work within 20 days on Form W-4 on Form W-4 (or equivalent) to:
Kentucky New Hire Reporting Center
P.O. Box 2586 Atlanta, GA 30301-2586
Phone: 800-817-2262
Fax: 800-817-0099 New Hire Form.
Report online by clicking here.
Kentucky Child Support Enforcement730 Schenkel Lane
P.O. Boxe 2150 Frankfort, KY 40602-2150
Phone: 502-564-2285
Fax: 502-564-0255
To report online click here.
Reciprocal States: Illinois, Indiana, Michigan, Ohio, Virginia, West Virginia, Wisconsin.
For a paycheck calculation visit PaycheckCity
Other helpful links: Kentucky Labor Cabinet.
New updates to the 2023 and 2024 401k contribution limits. Use a free paycheck calculator to gain insights to your 401k and financial future.
Unlock the secrets of your 2023 bonus taxes with our guide, and use our Bonus Pay Percent Calculator for an instant breakdown of your take-home pay.
It’s the 2023 holiday season, and for fortunate employees, that means an end-of-year bonus! Yet many employees are disappointed when their bonus lands in their bank – usually a lower amount than anticipated. Here's a quick guide to help workers understand how bonuses are taxed.