Get Form Ui 3 40 For 2020

FUTA tax rate: The FUTA tax rate is 6.0%. The tax applies to the first $7,000 you paid to each employee as wages during the year. The $7,000 is often referred to as the federal or FUTA wage base.

Any wages earned that are greater than 50% of your weekly benefit amount will be deducted from your unemployment insurance benefits for that week. If you earned less than 50% of your weekly benefit amount, you can receive your full amount of unemployment insurance benefits for that week.

WAGE LIMITATION Only the first $13,271 of wages paid to a worker in calendar year 2023 are subject to the payment of contributions.

Form UI-3, Wage Report, must show the TOTAL wages PAID to each employee during the calendar quarter.

Filing Reports - The Employer's Contribution and Wage Report, IDES Form UI-3/40, must be filed quarterly by each employer subject to the Illinois Unemployment Insurance Act.

Monetary (earnings) eligibility: You must have earned enough money in the past 18 months for Illinois to establish a weekly benefit amount. This can be ​determined at the time of filing.

A weekly benefit amount is determined by: • Adding the amount of the two highest earning quarters from a base period; • Taking 47% of the total received from adding the two highest earning quarters; and • Dividing the result by 26. What is the Duration of Unemployment Benefits?