Unemployment insurance tax unchanged for 2013
Taxes to support the state's unemployment insurance program are expected to remain unchanged in 2013 as a result of modest job growth in Maine this year.
The Maine Department of Labor released its 2013 unemployment insurance tax rate schedule this week, which keeps the rates at the Schedule F level, according to a press release.
On that schedule, employers pay unemployment taxes on up to the first $12,000 in wages paid to each employee based on factors that include a business' level of experience with unemployment insurance, taxable wages and past contributions in relation to those of other businesses.
On average, the tax rate for 2013 based on $12,000 paid per employee will be $374.40. The maximum tax per employee will be $985.20 and the minimum will be $106.80.
Maine is one of 14 states in the country to avoid insolvency in its unemployment trust fund in recent years; the other 36 had to take out federal loans to pay unemployment claims.
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