how do you figure out how much unemployment you will receive?
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To estimate how much you might be eligible to receive, add together the gross wages in the two highest quarters during that period, divide by 2, and then multiply by 0.0385 to get your weekly benefit amount.
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We will calculate your weekly benefit rate at 60% of the average weekly wage you earned during the base year, up to that maximum. We determine the average weekly wage based on wage information your employer(s) report.
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If you are eligible to receive unemployment, your weekly benefit rate (WBR) will be 60% of your average weekly earnings during the base period, up to a maximum of $713. This number is then multiplied by the number of weeks that you worked during the base period, up to a maximum of 26 weeks.
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For most people, the basic rate for calculating EI benefits is 55% of your average insurable weekly earnings, up to a maximum amount. As of January 1, 2020, the maximum yearly insurable earnings amount is $54,200. This means that you can receive a maximum amount of $573 per week.
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The Unemployment Insurance (UI) benefit calculator will provide you with an estimate of your weekly UI benefit amount, which can range from $40 to $450 per week. Once you file your claim, the EDD will verify your eligibility and wage information to determine your weekly benefit amount (WBA).
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Your weekly benefit amount is determined by adding together your earnings in the two quarters of the base period when you earned the most, taking 47% of that total, then dividing the result by 26. The current maximum weekly unemployment benefit in Illinois is $471 per week.
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Add up the gross income you earned from all employers during the base period according to each quarter. Using a calculator, enter the amount you earned for the quarter with the highest gross income out of all four quarters. Multiply this amount by four percent to determine your weekly unemployment pay.
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Note: To be eligible for Unemployment Insurance benefits in 2020, you must have earned at least $200 per week (a base week) during 20 or more weeks in covered employment during the base year period, or you must have earned at least $10,000 in total covered employment during the base year period.
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You should receive your monetary determination within 5 business days of filing your claim. Base Period The amount of unemployment insurance you can receive is based on the wages paid to you during your base period.
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The daily benefit amount is calculated by dividing your weekly benefit amount by seven. The maximum benefit amount is calculated by multiplying your weekly benefit amount by 52 or adding the total wages subject to State Disability Insurance (SDI) tax paid in your base period, whichever is less.
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Your Weekly Benefit Rate is calculated based on the wages you were paid in your base year. You must determine the total gross wages received during your base-year period and how much you received during each calendar quarter in the base year.
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['Your average wages in your two highest-paid quarters in the base period must be at least $780.01.', 'You must have earned either $900 or six times your weekly benefit amount in the three quarters outside the highest quarter of your base period.']
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The most individuals are allowed to collect of regular unemployment benefits is an amount equal to 26 full weeks. Individuals may claim these weeks any time they are unemployed during the benefit year.
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The state determines your weekly benefit payments based on your previous earnings during employment. In 2020, you can receive a maximum of $275 per week for 12 weeks. You are entitled to a maximum benefit amount of $3,300.
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For example, if your weekly benefit amount is $400, you may earn up to $100 (which is 25%) without a reduction in your benefits. If you earn more than $100, we subtract your earnings from $500 and pay you the difference. Either way, your benefits plus your earnings would total up to $500 for the week.
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Weekly claims are paid approximately five to seven days after they are approved. How much money can I expect to receive through the PUA program? The benefit amount will be similar to traditional unemployment benefits plus an additional $600 per week.
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There are also requirements about how much money you have to have made in the past year to be eligible. How much will I receive in unemployment benefits? Your benefit amount is based on your earnings; the maximum weekly benefit in New York is $504 (people who make approximately $52,000+ will receive the maximum).