The Michigan Unemployment Insurance Agency recently announced that all contributing employers will be assessed a $9,500 Taxable Wage Base in 2021. This is an increase from the $9,000 Taxable Wage Base assessed in prior years.
Please be aware that there will be an additional payment withdrawn from your account at the end of the 1st quarter to adjust for this increase.
What is a Taxable Wage Base? The taxable wage base is the amount of an employee’s wages that is taxed by the Michigan Unemployment Insurance Agency each calendar year and is payable by the employer.
If you would like more information, please visit the UIA website.