04-16-2020, 12:05 AM
(04-15-2020, 11:32 PM)chrisk Wrote: How many of these people will be getting more in unemployment than they were working?
From Nolo Press, updated for the pandemic stimulus:
"All states also set an upper limit on the total weekly benefit amount. A common formula is to pay half of what the employee used to earn, up to a cap that's tied to the average earnings in that state. This means that employees with higher wages may receive a larger overall benefits check, but a smaller percentage of what they used to earn. The maximum amount an employee can receive each week varies widely from state to state.
"Some states provide an additional benefit amount to employees with dependents. These amounts tend to be small; most states that provide this benefit offer $25 or less per dependent per week in additional benefits.
"Unemployment benefits are taxable. You may elect to have up to 10% of your benefit amount withheld to pay federal income taxes."
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