Alaska’s Unemployment law
May 2nd, 2006 Posted by JohnI am taking a second or two today, to briefly describe the Alaska Employment Security Tax. Alaska is one of the states in the union that charges an Employment Security tax for the use in unemployment funds. Minimum award of a qualified employee’s unemployment is $44.00 a week. Maximum is $248.00 a week. However, those unemployed and collecting unemployment benefits who have children or dependants under the age of 18, (No age restriction if the dependant is disabled.), can receive an extra $24.00 per dependant.
The employer is taxed a percentage of the payroll each year for unemployment taxes. In 2005 it was on average 2.5% of reported payroll. Each year employers will be assigned an Unemployment Insurance tax rate.
However, those who are a non-profit organization, (Agencies and governments who do not make a profit), have the option to reimburse the state for any unemployment claims their former employee’s may be entitled.
Employer’s are required to report their earnings each quarter. However the taxes may not be due at the same time as the payroll report, so you do not have to send your tax payment in with your quarterly reports, but will have a separate due date for each.
For more information on the Alaska unemployment tax, contact your accountant or other qualified CPA.
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