|Published:||Nov 17, 2010 8:50 PM EST|
|Updated:||Nov 17, 2010 5:50 PM EST|
TALLAHASSEE, Fla. (AP) - Unemployment compensation taxes will nearly triple next year for some Florida employers, although the maximum rate will remain unchanged.
The state Revenue Department announced the rate scale for 2011 on Wednesday.
Employers' taxes are individually set based on a formula that includes their recent history. More layoffs mean higher taxes.
Those with the best records will have the biggest increase on a percentage basis next year. That's because the minimum annual tax will go up from $25.20 to $72.10 per employee.
The maximum, though, is staying at $378.
Even bigger increases were expected this year, but the Legislature rolled them back while borrowing more federal money to pay unemployment claims.
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