Cost to Workers

For 2012, workers contribute at the rate of two tenths of one percent (0.2%) on the first $30,300 (taxable wage base) in covered wages earned during this calendar year. The maximum worker contribution for 2012 is $60.60. This contribution is in the form of a salary deduction that your employer takes from your weekly wages.

Cost to Employers

Although the taxable wage base is the same as for workers, the contribution rate for employers varies from 0.10% to 0.75%. For 2012, employers contribute between $30.30 and $227.25 on the first $30,300 earned by each employee during this calendar year.

On January 1 of each year, the taxable wage base changes