Setting Up Employment Insurance Rates

Access the Unemployment Insurance Rate Revisions form.

Company

Enter a code that identifies a specific organization, fund, or other reporting entity. The company code must already exist in the F0010 table and must identify a reporting entity that has a complete balance sheet. At this level, you can have intercompany transactions.

Note: You can use company 00000 for default values such as dates and automatic accounting instructions. You cannot use company 00000 for transaction entries.

Effective Dates Of Rates - From :

Enter the first date in a range of dates.

Thru :

Enter the last date in a range of dates.

Work Tax Area

Enter the code that identifies the tax authority for U.S. unemployment or Canadian employment insurance rates.

Rate

Enter the rate that the system uses to compute U.S. unemployment and Canadian employer-paid employment insurance premiums. This rate is represented as a decimal fraction.

Annual Earn Limit

Enter the annual limit for U.S. unemployment insurance premiums or Canadian EI insurable earnings.

Exc. Prm. (exclude premium)

Enter a code that indicates whether the premium portion of overtime pay should be excluded from the calculation. For workers' compensation rates, this field relates to only those pay types that are defined in the Workers' Compensation Insurance-Basis Table. For U.S. unemployment-insurance rates, this field relates to all pay types that are defined as taxable. For Canadian employment-insurance rates, this field should be set to No because premium pay such as overtime is not excluded from employment insurance in Canada.

For pay tables that are used for step progression processing, this field should be set to No.