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1992-04-30
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959b
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21 lines
@017 CHAP 11
@CODE: CA
@CODE:NF
┌───────────────────────────────────────────────┐
│ CALIFORNIA STATE DISABILITY INSURANCE (SDI) │
└───────────────────────────────────────────────┘
California law requires employees to pay a payroll tax (which must be
withheld and paid over by the employer) on their wages, in return for
mandatory coverage under the state's disability insurance program.
In 1992, the tax is 1.25% of the first $31,767 of an employee's wages,
or a maximum of tax of $397.08. Note that this tax applies only to the
wages of an employee, including an owner employed by his or her own
corporation. If you are not incorporated, SDI does not apply to your
earnings from the business as a sole proprietor or partner. California
now allows a sole stockholder who is an officer of the corporation to
elect out of SDI coverage for himself or herself--Form DE 459 (but not
from UI coverage).