SUI Calculator: Estimate Your State Unemployment Insurance Costs
Maintaining an active approach to State Unemployment Insurance (SUI) tax rates can help you from not spending more than necessary.
Our SUI Calculator helps simplify the process of estimating your SUI tax liability. By understanding your costs, you can plan your business finances better as you work to remain consistent with state regulations.
What Is State Unemployment Insurance (SUI)?
State unemployment insurance provides benefits to workers who are laid off or terminated from their jobs without cause, offering a safety net that can be used to support them as they look for a new job.
How To Use the SUI Calculator
To use the SUI Calculator, input your:/p>
- Number of employees
- Average annual salary per employee
- State your business is headquartered in
- Current SUI rate
- Possible SUI rate
Understanding how to calculate your SUI tax takes into account many factors. An established SUI specialist can help you navigate this process. Reach out to your service providers at Paychex® to get your questions answered.
Annual Potential SUI Savings
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Understanding SUI Tax Rates and Your Responsibilities
State Unemployment Insurance provides benefits for workers who are laid off or terminated from their jobs without cause. Unemployment benefits can help support eligible recipients of these benefits while they search for their next opportunity. Workers who quit their jobs or who are fired for performance-related issues are usually not eligible for SUI benefits.
State Unemployment tax rates are determined by the state in which your business lies. Employers primarily fund SUI through contributions for each eligible employee. Your company's contribution amount is affected by the number of former employees with open unemployment insurance claims. The more claims filed, the higher your rate.
Factors That Can Influence Your SUI Tax Liability
Your SUI tax liability can depend on a handful of factors like number of active employees, their average salary amounts, and the number of former employees filing for SUI benefits. Your tax liability may increase based on the number of claims your business has open.
Promptly responding to claims when they’re filed — particularly those by former employees not eligible for unemployment benefits — can be key to keeping your rates as low as possible. By proactively managing your SUI contributions and timely responses, it's possible to save hundreds of dollars per employee. Our SUI calculator can help estimate a baseline for your unemployment insurance rate.
Frequently Asked Questions About SUI Calculations and Compliance
What Is SUI?
State Unemployment Insurance is a payroll tax that employers pay to provide benefits to workers who are laid
off or terminated from their jobs without cause.
How Do I Calculate SUI Tax Rates for My Business?
Your SUI rate is dependent on factors like the state your business resides in, your number of employees,
and their average salaries. Our SUI calculator tool can help you estimate what your tax rate may look like.