Oklahoma Unemployment Compensation laws & compensation compliance analysis

Oklahoma Unemployment Compensation: What you need to know

Virtually all employers are subject to unemployment insurance taxes under Oklahoma’s Employment Security Act (OK Stat. Tit. 40 Sec. 1-101 et seq.). For example, coverage extends to individuals and organizations that:
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• Paid more than $1,500 in wages in any quarter in either the current or preceding calendar year;
• Employed at least one person on each of 20 days in 20 different weeks in the current or preceding calendar year;
• Are subject to the Federal Unemployment Tax Act (FUTA);
• Acquired the business of a covered employer;
• Employed certain agricultural workers;
• Employed domestic service workers; and
• Elected to be covered (OK Stat. Tit. 40 Sec. 1-208).
The law excludes certain services from coverage, including, for example, services provided by:
• Students working for schools, colleges, or universities;
• Students working for work-study programs;
• Spouses of students for schools;
• Real estate and insurance salespersons;
• Student nurses;
• Hospital interns;
• Certain newspaper distributors (e.g. minors);
• Barbers and cosmetologists who lease premises;
• Jockeys in licensed races; and
• Certain owners/operators of trucks (OK Stat. Tit. 40 Sec. 1-210).
Taxable wage base. For the current taxable wage base, visit http://www.ok.gov/oesc_web/Services/Unemployment_Insurance/Taxable_Wage_Base_and_Rates.html. Wages include both cash and the reasonable value of noncash items (OK Stat. Tit. 40 Sec. 1-218). The term excludes certain retirement, sickness, accident disability, medical and hospitalization payments, and dismissal payments that the employer is not legally required to make.
Rates. Tax rates may vary from year to year. To find the current tax rate, visit http://www.ok.gov/. ...

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