How Is My Benefit Amount Calculated?
If you have sufficient earnings from insured work to establish benefits, you will be entitled to receive benefits for weeks you are either totally or partially unemployed and meet all requirements. The amount you can receive is based upon the wages you earned during your base period. Your base period is the 12month period consisting of the first four of the last five completed calendar quarters before the beginning date of your claim. To qualify for a claim, you must have wages in at least two of the four base period calendar quarters and your total wages in your base period must be at least thirty times your calculated weekly benefit amount.
To calculate your weekly benefit amount, multiply your highest base period quarter wages by 4.25 percent. If the amount is higher than the current statutory maximum weekly benefit amount, the maximum weekly benefit amount becomes your weekly benefit amount. To calculate your total benefit amount, a) multiply your weekly benefit amount times 26; and b) divide the total of the base period wages by three. Your total benefit amount is the lesser of these two amounts. The total amount of benefits available to you cannot exceed 26 times your weekly benefit amount. This means that your benefits will end when all benefits are paid, even if your benefit year hasn't ended.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Employment Law for Employees Articles
- How Do I Know If I Am Liable For Unemployment Taxes?
- What Is The Employer Contribution Rate?
- How Do I Report Wages And Pay Taxes?
- What Is The New Hire Law?
- Where Do I Report If I Have Employees In More Than One State?
- Where Can I Get More Information On The New Hire Program?
- How Old Does A Child Have To Be In Order To Work?
- What Hours Can Children Work?
- Are There Certain Occupations That Are Prohibited For Minors?
- How Often Does My Employer Have To Pay Me?
- Can My Employer Fire Me Without Reason Or Notice?
- If I Am Overpaid, Can My Employer Deduct The Amount Of The Overpayment From My Paycheck?
- When Is My Employer Required To Pay Me Overtime?
- Does My Employer Have To Offer Vacation Or Sick Leave?
- Must An Employer Provide Rest Breaks For Workers?
- Is An Employee Required To Give Two Weeks Notice When Quitting A Job?
- Can My Employer Make Me Take A Drug Test?
- Is An Employer Required To Pay For Jury Duty Or Allow Time Off For Jury Duty?
- What Can I Do If My Employer Refuses To Pay Me?
- How Do I File A Claim For Unemployment Insurance Benefits?
- How Do I File Weekly Claims For Benefits?
- What Is A One-Week Waiting Period?
- Can I Work Part Time And Receive Benefits?
- Will Other Income Reduce My Benefits?
- What Are Extended Benefits?
- Are My Benefits Taxable?
- Can I Get Help Finding A Job?
- What Can I Do If I Am Denied Unemployment Benefits?