{"id":5624,"date":"2011-07-18T14:48:40","date_gmt":"2011-07-18T18:48:40","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=5624"},"modified":"2011-07-18T14:48:40","modified_gmt":"2011-07-18T18:48:40","slug":"rhode-island-changes-2012-unemployment-taxable-wage-base-calculation","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2011\/07\/rhode-island-changes-2012-unemployment-taxable-wage-base-calculation\/","title":{"rendered":"Rhode Island Changes 2012 Unemployment Taxable Wage Base Calculation"},"content":{"rendered":"<div class=\"img alignright size-medium wp-image-5626\" style=\"width:300px;\">\r\n\t<a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/07\/20110718.jpg\"><img src=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/07\/20110718-300x201.jpg\" alt=\"Rhode Island Changes 2012 Unemployment Taxable Wage Base Calculation\" width=\"300\" height=\"201\" \/><\/a>\r\n\t<div>Rhode Island Changes 2012 Unemployment Taxable Wage Base Calculation<\/div>\r\n<\/div>As part of the recently enacted fiscal-year 2012 state budget (<a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/07\/RI-law11151-04.pdf\" target=\"_blank\">article 4<\/a>), Rhode Island changed the way in which the unemployment taxable wage base is calculated in \u00a728-43-7 of the General Laws in C. 28-43.<\/p>\n<p><strong>2012 Will Be the First Year the New Formula Is Used<\/strong><\/p>\n<p>Beginning in 2012, the formula will be to calculate an \u201caverage annual wage in covered employment\u201d for the calendar year preceding the \u201ccomputation date\u201d and multiply that figure by 46.5%. The resulting product, rounded up to the nearest $200, will be the unemployment wage base for the year following the computation date.<\/p>\n<p><strong>Computation Date Will Be September 30<\/strong><\/p>\n<p>The computation date will be September 30. For example, to calculate the unemployment wage base for 2012, the computation date will be September 30, 2011 and the look-back year will be 2010.<\/p>\n<p><strong>Negative Balances Can Lead To Surcharge<\/strong><\/p>\n<p>Employers with a reserve account percentage of negative twenty-four or less will have a taxable wage base of the standard taxable wage plus $1,500.<\/p>\n<p><strong>Contact Vision Payroll Today<\/strong><\/p>\n<p>Contact <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> if you have any further questions on the Rhode Island unemployment taxable wage base calculation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rhode Island Changes 2012 Unemployment Taxable Wage Base Calculation As part of the recently enacted fiscal-year 2012 state budget (article 4), Rhode Island changed the way in which the unemployment taxable wage base is calculated in \u00a728-43-7 of the General Laws in C. 28-43. 2012 Will Be the First Year the New Formula Is Used [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[1199,1111,182,242],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5624"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=5624"}],"version-history":[{"count":3,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5624\/revisions"}],"predecessor-version":[{"id":5629,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5624\/revisions\/5629"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=5624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=5624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=5624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}