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Labor and Economic Opportunity

How is my Tax rate calculated?

The tax rate is a combination of account building component, non-chargeable benefits component and chargeable benefits component. If you have benefits charges and an increase to the payroll, this will increase the rate. If you have a negative reserve (paid more for benefits than we’ve collected in tax), this will increase your rate. If you have a non-reporting penalty on the account, this will also increase the rate.