• Purpose of this overview

• What is Unemployment Insurance?

• Employers pay either contributions (taxes) or reimbursements

• Who is required to pay unemployment insurance taxes?

• Which employees are covered by Unemployment Insurance?

• How much is the Unemployment Insurance Tax?

• How is the unemployment tax rate computed?

• Chargeable Benefits Component (CBC)

• Account Building Component (ABC)

• Nonchargeable Benefits Component(NBC)

• Across-the-Board Tax Reduction

• What is the tax rate when a new owner acquires an existing business, or businesses merge?

• Unemployment taxes under the Federal Unemployment Tax Act (FUTA)

• What happens to state and federal unemployment tax payments?

• Notification of state unemployment tax

• How and when to pay your unemployment taxes

• Effect of Missing Tax Report(s)

• Protest/Appeal Rights

• Tax Office Contacts

• Sample calculations

• What address should employers use to submit their tax reports and payments?

• Work Opportunity Tax Credit Program Extended Through August 31, 2011!

• Work Opportunity Tax Credit Program