Tuesday, May 21, 2019

Minnesota Additional Assessment (UI ) calculation in NetSuite Payroll for the year 2016.

The 2013 default rate for MN Additional Assessment for (UI) is set to 14% or 0.14. This information is set in Setup > Payroll > Setup Payroll > Taxes > MN Additional Assessment (UI) 
However, the Additional Assessment of 14% is being REMOVED as of 1/1/14 and there is still NONE for 2016.

Kindly visit the government official website for complete reference.  You may also check the link to the agency: http://www.uimn.org/uimn/employers/wages-taxes/tax-rates/faq-tax-rates.jsp

This article is written with the undertaking that tax forms, rules and laws are constantly changing and the topic is updated at the publish date. 

These materials do not constitute tax, legal, or accounting advice and neither NetSuite, nor its agents, employees, or representatives are in the business of offering such advice. 

We have no control over the websites provided in the article.  For the most current information or for tax, legal or accounting advice, please consult your tax, legal and accounting advisors.  You may also call the tax agency or visit the government official website.

No comments:

Post a Comment