Account percentage

Official source

The account percentage is the balance (positive or negative) in the employer’s account on December 31 of any year divided by the average wages subject to contributions for the preceding five payroll years (October through September). If an employer has been liable for 21 or fewer calendar quarters, the average wages subject to contributions will be computed from the initial date of liability to the end of the last payroll year.

If the employer has been liable for 21 or fewer consecutive completed calendar quarters and has a positive account percentage, that percentage is multiplied by a benefit equalization factor to establish an equalized account percentage which is used to determine the employer’s UI rate. This is done in order to give new employers equal opportunity with established employers to earn rate reductions.

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Account percentage

Official source

The account percentage is the balance (positive or negative) in the employer’s account on December 31 of any year divided by the average wages subject to contributions for the preceding five payroll years (October through September). If an employer has been liable for 21 or fewer calendar quarters, the average wages subject to contributions will be computed from the initial date of liability to the end of the last payroll year.

If the employer has been liable for 21 or fewer consecutive completed calendar quarters and has a positive account percentage, that percentage is multiplied by a benefit equalization factor to establish an equalized account percentage which is used to determine the employer’s UI rate. This is done in order to give new employers equal opportunity with established employers to earn rate reductions.