threshold is applied to applied to those employers with employers with taxable wages taxable wages between between $850,000 to $1,100,000 to $7,500,000 $5,500,000 No threshold is No deductions available to are available to those those employers with employers with taxable wages taxable wages greater than or greater than or equal to equal to $7,500,000 $5,500,000 PRT rate: PRT rate: 5.50% 4.75%
threshold is applied to those employers with taxable wages between $1,100,000 to $5,500,000 No deductions are available to those employers with taxable wages greater than or equal to $5,500,000 PRT rate: 4.75% applied to employers with taxable wages between $850,000 to $7,500,000 No threshold is available to those employers with taxable wages greater than or equal to $7,500,000 PRT rate: 5.50%
Differences-in-core-definitions-and-concepts-between-state-territory-and-federal-tax-laws-.docx