ARIS Solutions Newsletter June 2009 QUESTIONS? IMPORTANT WAGE UPDATE Call us at: 1-800-798-1658 BETWEEN Effective July 1, 2009, the Vermont Minimum Wage for 8 AM AND 4 PM Developmental Services increases to $8.06 per hour. This is MONDAY – FRIDAY the minimum you may pay an employee for hourly services. E-MAIL US AT: Effective July 21, 2009, the Federal Minimum Wage increases to $7.25 per hour. This is the minimum hourly firstname.lastname@example.org wage you may pay an employee for providing 24 hour respite services. Based on current guidelines, as of July 21, 2009, the minimum daily rate you may pay an employee for 24 hours of respite will be $116.00 per day (or, $7.25 an hour x 16 hours). Important Date To Remember! July 20, 2009 Employer Tax Rate Decrease Monday July 20 is the last As of July 1, 2009, the Employer Tax rate will day ARIS Solutions will decrease from 10.15% to 9.4%! This is the rate accept timesheets for charged to all budgets when wages are paid to an services provided before July 1, 2009. employee. The employer tax includes: Timesheets which have • 7.65% for matching Social Security and not been received in our Medicare taxes. offices by July 20, 2009 • 1.0% for Workers Compensation for services provided • .75% for Unemployment taxes before July 1 cannot be paid by ARIS Solutions. Visit our website for a new Rate Conversation chart. Be aware that you are This chart shows the actual cost to the budget for responsible to pay your each hourly wage you pay an employee. employee if ARIS Solutions cannot.