Does anyone know the formula the unemployment office uses to determine the amount of unemployment benefits?

Answer 1

What state are you talking about? But no matter what state, I believe they take your last quarters earnings and base your benefit amount on some formula of that.

Answer 2

in case you gained it as income, you may record it on your income tax submitting. organic and straightforward. no count if that's taxable or no longer is neither here nor there. difficulty is, in the event that they audit you some years from now and discover out which you probably did no longer declare income which you gained, you would be charged for any taxable ingredient plus interest (which over some years can rather upload up). I had a matching challenge the place i became working dissimilar jobs and neglected one among my W-2s whilst making waiting my return. If I had secure it in that tax 3 hundred and sixty 5 days, i could have been refunded something like an further $30. for the reason that I forgot to comprise it, in spite of the undeniable fact that, they took the taxable quantity and compounded the interest interior the audit that became run 4 years later...I wound up paying virtually $two hundred for something that I could are turning out to be a reimbursement for. in basic terms record it. in case you do not have precisely the terrific suited numbers, you may record and amended return later, yet once you go away it off completely, you will get fined for failure to record income.

Answer 3

I beleive they take the average amount of your last 4 quarters and then you get 60% of that, that's in the state of PA. I beleive percentages vary from state to state. Check your states unemployment website... for instance PA's is www.state.pa.us Keyword: unemployment. Other states would be www.state.(your state abbrev.).us Hope this helps!

Answer 4

I am not able to answer this question. You didn't even say what state. Yes, it is different in every state.

Generally, it is between 50% and 60% of the average income capped by a maxium weekly benefit.

Answer 5

It's different for each state. Check your state's website - many of them give info on how benefits are calculated. And the paper you get telling you your amount will probably show how it's calculated.

Answer 6

I believe it's the poverty rate in your town. It has no correlation to your salary before.