Partner UI News: Michigan Taxable Wage Base for 2015 Updated
Barnett Associates, a key strategic WMS partner and expert in Unemployment Cost Control provides update regarding Michigan taxable wage base for 2015.
Beginning with the third quarter of 2015, the TWB – the maximum annual wage on which an employer must pay unemployment taxes – will be lowered from the current rate of $9,500 to $9,000. This means that non-delinquent contributing employers will pay less in unemployment taxes for the upcoming quarters.
In 2011, measures were taken by Michigan’s legislature that aimed to ensure adequa...