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R
RedTopConstruction
February 19, 2022
Question

MN Unemployment Tax

  • February 19, 2022
  • 1 reply
  • 0 views

Hello!

 

I received my 2022 Unemployment Insurance Tax Rate Determination form from the State of Minnesota.

It says:

-2022 tax rate is 0.50%

-In addition to your tax, the following assessments will be included in your balance due:

--Workforce Development Assessment: 0.10%

--Additional Assessment: 14%

--Federal Loan Interest Assessment: 1.80%

 

-How we calculated:

Benefits charged

$0.00 x 1.25 / $40,550 (taxable wages) = 0.00% (experience rate) + .50% (base tax rate) = .50% (your UI tax rate)

 

Here's where I get confused.

Quickbooks has my unemployment tax rate and then they have the workforce enhancement fee broken out.  I have my workforce enhancement fee at the .10%.  What rate am I supposed to enter in these boxes?  Would it be 0.40 (.50-.10) And if so, where do the other assessments go?

 

Please help!

1 reply

MarsStephanieL
MarsStephanieL
February 19, 2022

Hi there, @RedTopConstruction. I'm here help you get in the right direction that can assist you in adjusting your MN unemployment taxes.

 

Making adjustments with taxes in QuickBooks Desktop can be done with our Customer Care Team through a live chat or call.

 

I'd recommend getting in touch with the support team as they have the proper tools, to check on your transactions and guide you all throughout the process. And also to ensure that your account is in a secure space since the Community is a public place.

 

You can reach them by opening your QBDT app on your desktop and press F1 on your keyboard. Then, enter your concern and information to speak with one of the agents. You can also check the support hours so that your concern will be addressed on time.

 

I've also included a detailed resource about working with unemployment taxes that may come in handy moving forward: Minnesota Payroll Tax Compliance. 

 

I'd also suggest speaking with your state agency to clarify the calculation of the state tax.

 

Please post again or leave a comment on this thread if you have any other concerns. I'll be willing to help. Have a good one!

R
RedTopConstructionAuthor
February 19, 2022

Does anyone else have any suggestions?  QB Support couldn't be any less helpful.

    Rubielyn_J
    Rubielyn_J
    February 19, 2022

    This is not the impression we want you to have when contacting our support team, @RedTopConstruction.

     

    As much as I want to look into this further, I'm unable to open your account. As mentioned by my colleague above, making adjustments with taxes in QuickBooks Desktop can be done with our support team through a live chat or call. 

     

    This is because they have the complete tools to review your account in a safe environment to check the root cause of your concern and find a fix. To reach them, here's how:

     

    1. Open your QuickBooks.
    2. Select Help, then choose QuickBooks Desktop Help.

    3. Click Contact Us.

    4. Enter your concern, then select Continue.
    5. Choose Start messaging or Get a callback from an expert.

     

    In case you want to review your employee's wage base, you can run the Payroll Detail Review report in QuickBooks. For more details about it, please see this article: Payroll tax and wage base limits.

     

    State wage bases and limits vary for State Income Tax and State Unemployment Insurance. Please see Payroll Tax Compliance for wage bases and limits.

     

    Fill me in if you have further questions about managing MN Unemployment tax. I'll be happy to help you again. Keep safe!

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