Provides a succinct, comprehensive, and detailed explanation of the federal old-age, survivor's and disability insurance programs under the Social Security Act.The book explains who is covered by the Social Security system, liability for the tax, how a worker acquires "insured status" required for benefit eligibility and the conditions of entitlement to the various kinds of Social Security benefits.
The UI rate schedule in effect for 2012 will continue to be Schedule F+. This is Schedule F plus a 15% emergency surcharge, rounded to the nearest tenth. Schedule F+ provides for UI contribution rates ranging from 1.5% to 6.2%. The new employer rate will be 3.4% and the Employment Training Tax rate remains at 0.1% for 2012. Note that the voluntary UI payment program is not in effect next year.
For 2012, the state disability insurance (SDI) withholding rate for employees will be 1.0%.
The SDI taxable wage base for 2012 will be $95,585. The taxable wage base for 2012 for UI purposes remains at $7,000.
In 2012, the UI maximum weekly benefit amount will remain at $450 and the SDI maximum weekly benefit amount will increase to $1,011 (EDD Commnication).