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Is reemployment assistance the same as unemployment in South Dakota?

Reemployment Assistance (RA) provides temporary financial assistance for people who have lost their job until they find other employment. South Dakotas reemployment assistance program is financed by employers through payroll taxes; workers do not contribute to this plan.

What payroll taxes do employers pay in South Dakota?

While some states have multiple types of payroll taxes, South Dakota only has one: the unemployment insurance (or reemployment assistance) tax. However, employers are still responsible for remitting federal income tax withholdings and FICA taxes.

What is South Dakota investment fee?

Schedule As tax rates for positive-rated experienced employers in 2023 range from zero to 0.95%, and the rates for negative-rated experienced employers range from 1.45% to 9.45%, under state law. Experienced employers are also assessed investment fees ranging from zero to 0.53%, unchanged from 2022.