This glossary has been divided into sections, quarterly reports , rating system , and miscellaneous in an effort to place together all the terms related to a specific topic.
Employers compute taxable wages and taxes due and remit payment with the report.
The report and payment must be filed on or before the due date in order to avoid penalty and interest charges. Wage Schedule is used to collect wage information for each worker employed at any time during the quarter. The employer is required to submit the social security number, name, total gross wages, occupational code and area code for each employee. The taxable wage base, which is recalculated each year, is 75 percent of the average annual wage in Alaska. Unemployment insurance contributions are due for each employee up to the amount of the taxable wage base.