Defaults

Use these processing options to specify the default information that the system uses to produce state unemployment insurance (SUI) reports for the organization.

1. UI Tax Rate (unemployment insurance tax rate)

Specify the unemployment insurance (UI) tax rate that the system uses to calculate the amount of UI tax that is due.

2. UI Credit Amount (unemployment insurance credit amount)

Specify the amount of any account balances that result from overpaid unemployment insurance tax from previous quarters. If you have an existing account balance, the amount is preprinted on the form that you receive from the state unemployment insurance reporting agency.

3. UI Adjustments to Prior Quarters (unemployment insurance adjustments to prior quarters)

Specify the amount of any adjustments to unemployment insurance tax for a previous quarter. To ensure that credit amounts are subtracted from the total amount due, enter them as negative amounts. Otherwise, enter any prior balance as a positive amount to add it to the total amount due.

4. UI Penalty and Interest Amount (unemployment insurance penalty and interest amount)

Specify the penalty and interest amount that is due for late reporting or late payment of unemployment insurance taxes.