Unemployment Pay: How much can I expect to receive ?

[polm]

I will be laid off at the end of this month.

I am planning on filing for unemployment in the state of Tennessee.

How much can I expect to receive, and for how long ?

 

[Ryan]

HOw long have you had your current job, how much do you currently make (you cannot determine how much you're going to make unless you have numbers from your current job. What you're making not determines how much unemployment you'll be recieving)?

 

[polm]

Originally posted by: rbloedow
HOw long have you had your current job, how much do you currently make (you cannot determine how much you're going to make unless you have numbers from your current job. What you're making not determines how much unemployment you'll be recieving)?

2 years with this company....I make 60K base salary a year with them. (that isn't including bonuses)

 

[optoman]

Probably around $500 a week before taxes.

 

[polm]

Originally posted by: optoman
Probably around $500 a week before taxes.

will I pay standard emplaoyment tax ?

 

[Hammer]

im thinking more like 400-450

 

[polm]

Originally posted by: Hammer
im thinking more like 400-450

for how long ?

 

[tarheelmm]

You will max out for what you are eligible for. I beleive I was getting $280 a week after taxes.

 

[polm]

Originally posted by: tarheelmm
You will max out for what you are eligible for. I beleive I was getting $280 a week after taxes.

was your salary and time-served similiar to mine ?

 

[optoman]

Yes you will max out the amount you will get. I think you only need to work for a year to get the full amount. Every state is a little different. In MA it was something like 60% of your original salary but only up to $512 a week. You will still have to pay state and federal tax. I don't think you have to pay social security. Take about a third of whatever you are going to pay for taxes.

 

[polm]

Originally posted by: optoman
Yes you will max out the amount you will get. I think you only need to work for a year to get the full amount. Every state is a little different. In MA it was something like 60% of your original salary but only up to $512 a week. You will still have to pay state and federal tax. I don't think you have to pay social security. Take about a third of whatever you are going to pay for taxes.

and how long can I expect to receive these weekly payments ?

 

[optoman]

It was for 13 weeks then you had to renew to get another 13 weeks. The federal gov't extended it for another 13 weeks but that has expired.

In total about 26 weeks ~6 months.