WVa Businesses To Pay More Unemployment Taxes

By: Associated Press
By: Associated Press

Charleston, W.Va. (AP) -- Workforce West Virginia is notifying businesses across the state that they'll have to pay additional employee unemployment taxes by July 31.

For most employers, the tax is about 2.7 percent on taxable wages. A state law adopted this year changed the taxable base from the first $8,000 of a worker's salary to $12,000.

The measure is designed to stabilize the state's jobless benefits fund. It's expected to generate an additional $70 million for the fund.

Unemployment Compensation Division Director Michael Moore says jobless claims are up this year and the fund likely will need all the additional revenue.

West Virginia's unemployment rate in may was 8.5 percent.

(Copyright 2009 by the Associated Press. All rights reserved.)

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
TheNewsCenter One Television Plaza Parkersburg, WV. 26101 304-485-4588
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 50160197 - thenewscenter.tv/a?a=50160197
Gray Television, Inc.