Alaska sets its 2020 contribution rates, taxable wage base
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Wednesday, January 22, 2020

Alaska sets its 2020 contribution rates, taxable wage base

By Payroll and Entitlements Editorial Staff

Contribution rates for 2020 range from 1.00% to 5.4% for eligible employers, based on payroll decline experience. For 2020, the average benefit cost rate used to determine the rates is 0.012797 and the actual calculated trust fund solvency adjustment is 0.038226. The average tax rate is 1.0% and the employee tax rate is 0.50%. The standard rate is 1.59%. Rates for new employers depend on NAICS classification. The taxable wage base for 2020 is $41,500 (DOLWD Communication).

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