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Annual wage goes up; expect UI taxes to increase as well

Annual wage goes up; expect UI taxes to increase as well — As the Washington Research Council points out, Washington’s average annual wage in 2023 was $89,138. This is important to note because the state’s average wage is used to calculate unemployment insurance (UI) taxes and benefits, paid family and medical-leave benefits, and workers’-compensation benefits. As a result of this increase, the UI taxable wage base will increase from $68,500 to $72,800 – employers will pay UI taxes on the first $72,800 paid to an employee beginning in January. Washington’s taxable wage base is the highest in the country; Hawaii is a distant second at $59,500.

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