Benefit cost ratio

For purposes of this subsection—

(A) In general The benefit cost ratio for any calendar year is the percentage determined by dividing— (i) the sum of the total of the compensation paid under the State unemployment compensation law during such calendar year and any interest paid during such calendar year on advances made to the State under title XII of the Social Security Act, by (ii) the total amount of the remuneration subject to contributions under the State unemployment compensation law with respect to such calendar year (determined without regard to any limitation on the amount of remuneration subject to contribution under the State law).

(B) Reimbursable benefits not taken into account For purposes of subparagraph (A), compensation shall not be taken into account to the extent— (i) the State is entitled to reimbursement for such compensation under the provisions of any Federal law, or (ii) such compensation is attributable to services performed for a reimbursing employer.

(C) Reimbursing employer The term “reimbursing employer” means any governmental entity or other organization (or group of governmental entities or any other organizations) which makes reimbursements in lieu of contributions to the State unemployment fund.

(D) Rounding If any percentage determined under subparagraph (A) is not a multiple of .1 percent, such percentage shall be reduced to the nearest multiple of .1 percent.