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A Legislative change has increased the Administrative Contribution (AC) rate from .1% to .2% effective for this June 2007 quarter. This change does not increase the net amount due as the Unemployment Insurance (UI) rate has been decreased by .1%. The minimum rate will continue to be .1%
Example:
1.7% Rate at previous .1% Administrative Contribution (AC) rate:
$8,000 x 1.6% UI rate = $128.00
$8,000 x .1% AC rate = $8.00
Net amount due = $136.00
1.7% Rate at current .2% Administrative Contribution (AC) rate:
$8,000 x 1.5% UI rate = $120.00
$8,000 x .2% AC rate = $16.00
Net amount due = $136.00
For more information, contact (603) 228-4141 or (603) 228-4048.
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