Costs
The costs of the program are covered by contributions to the State Fund in the form of SDI tax paid by employees, optionally by employers. Employee contributions to the state fund are deductible as state taxes.
The contribution rate for 2012 is 1.0%. The taxable wage limit is $95,585 for each employee per calendar year, so the maximum to withhold for each employee is $955.85.
The contribution rate for 2011 was 1.2%. The taxable wage limit was $93,316 for each employee per calendar year, so the maximum to withhold for each employee was $1,119.79.
The contribution rate for 2010 was 1.1%. The taxable wage limit was $93,316 for each employee per calendar year, so the maximum to withhold for each employee was $1,026.48.
The contribution rate for 2009 was 1.1%. The taxable wage limit was $90,669 for each employee per calendar year, so the maximum to withhold for each employee was $997.36.
The contribution rate for 2008 was 0.8%. The taxable wage limit was $86,698 for each employee per calendar year, so the maximum to withhold for each employee was $693.58.
Read more about this topic: State Disability Insurance
Famous quotes containing the word costs:
“Like cellulite creams or hair-loss tonics, capital punishment is one of those panaceas that isnt. Only it costs a whole lot more.”
—Anna Quindlen (b. 1952)
“To exercise power costs effort and demands courage. That is why so many fail to assert rights to which they are perfectly entitledbecause a right is a kind of power but they are too lazy or too cowardly to exercise it. The virtues which cloak these faults are called patience and forbearance.”
—Friedrich Nietzsche (18441900)
“It is commonly said by farmers, that a good pear or apple costs no more time or pains to rear, than a poor one; so I would have no work of art, no speech, or action, or thought, or friend, but the best.”
—Ralph Waldo Emerson (18031882)