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How to calculate unemployment benefits?

April 26, 2017Benefits CALCULATE unemployment

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How to calculate unemployment benefits?

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Calculating unemployment benefits is pretty easy. You will receive 4% of the total wages during your highest earning quarter, looking back a number of years. The maximum benefit is $355 with the minimum benefit being $53.

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In the current day economy, the number of people filing applications for unemployment benefits has grown significantly. Therefore, it is very important to know how to calculate the unemployment benefits so that you have a clear understanding of how much you will be receiving on a weekly basis. This will also help you budget your monthly expenses accordingly.