2018 Unemployment Cost Facts for Utah

 

What do state unemployment tax (SUTA) costs, claims costs and wage base amounts mean to your organization?

These factors could mean less money for your cause.

$195 Average SUTA Cost per Employee

Factors used in calculating employer state unemployment rates have increased; causing the average unemployment tax cost per employee in Utah to increase by 28% since 2008 to about $195 by 2017.

Unemployment Claim Stats

$13,624 Utah’s Total Maximum Benefit Amount

A claimant can collect up to a maximum of $13,624 on a single claim.

$11.2 Million Unemployment Claim Overpayments

Utah made over $11 million in unemployment claim overpayments through fiscal year 2017 (up from $9 million in FY 2016).

$34,300 2018 Taxable Wage Base

The unemployment wage base increased from $33,100 to $34,300 in 2018; therefore increasing the wages on which Utah employers pay SUTA on.

2016: $32,200

2015: $31,300

First Nonprofit Group provides state compliant, individually insured, cost-saving options to satisfy SUTA requirements for nonprofit, governmental and tribal entities. Click here or call Megan Cronin at (503) 858-5622 to request a free, no-obligation cost savings evaluation. Evaluations include a 2049 rate projection!