How do I figure out how much my unemployment compensation will be?
To determine the amount of your unemployment, there are several different factors you must taken into account. The amount of your compensation will depend on:
1. The amount you have been earning over the last X months (where X is the requirement in your locality)
2. Whether you were dismissed due to your own fault or through no fault of your own
3. Whether you qualify for additional assistance under any government programs (food stamps, etc) once you are unemployed
4. If you were a freelance contractor who has lost or ended a contract
5. If you are attending full time education.
By using a web search engine to find a calculator for your area, you can determine how much you should be paid per week. The general rule is that you can expect to receive about two thirds of your salary, up to the maximum amount which can be received in your jurisdiction (recently raised as part of federal plans to relieve the burdens faced by rising unemployment rates).
Those in full time education are generally not eligible for unemployment insurance, and those whose dismissal was due to misconduct on their part or who have quit their job will face challenges in making claims for unemployment insurance.
Freelance workers and those whose contracts have ended are not generally eligible to receive unemployment insurance. These individuals may be eligible for other government assistance programs such as food stamps, medicare, or other income-based special assistance programs.
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