 2007-11-17 |
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Re: i was fired from erac Quote: Originally Posted by Unregistered I own a company with employees, so I can tell you how it works a little bit at least in the states we operate. Every business pays into a state pool for unemployment. There is an annual threshold after which the company is no longer required to pay in. The threshold is based upon the number of employees you have working in a given state. So, if there are 2,000 ERAC employees in a state, they pay for 2,000 employees, but they only pay maybe 2% for the first 10K in wages for an employee in a given year - so $200. It is different from state to state, but we have employees in multiple states, and they are pretty similar. The rate you pay is based on unemployment claims during the year. If you don't have any claims, your rate will be pretty low - 1.5 to 2% maybe. If you have claims it can rise quickly - up to 5 or 6% even. So, let's use our 2,000 person example: ERAC has 2,000 EE's in a state. They pay 2% on each person's first 10K in wages for the year. So assumably they would owe 10,000 x .02 x 2000 = $400K during that year. Now, if they start getting claims that cause them to be paid from the state pool, and their rate rises to 5%, the math becomes 10,000 x .05 x 2000 = $1,000,000. Chances are it wouldn't be as drastic as this unless they had alot of claims, because it is also based on how much of the state pool was drained for these claims. The state will "true up" your account by forecasting your cost to them in the following year. Does that help? | NO, BECAUSE I CAN'T READ AND I HAVE NO IDEA WHAT YOU JUST SAID!!! SO, NO, THIS DOESN'T HELP ME ONE BIT!!! |