City-Data Forum how much does unemployment ins. pay... (Charlotte: insurance, employment, income)
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11-07-2008, 08:01 AM
 236 posts, read 669,464 times Reputation: 137

I heard the max is \$430.
So I'm assuming that if you make more than \$430 a week, that's what you'd get?

11-07-2008, 08:07 AM
 Location: Wouldn't you like to know? 9,013 posts, read 13,723,811 times Reputation: 3583
Unemployment insurance? Why would you have that?

11-07-2008, 08:32 AM
 Location: Matthews, NC 14,698 posts, read 19,817,719 times Reputation: 14134
Never heard it called unemployment insurance before. According to http://www.osp.state.nc.us/emprsk/UI/UI%20info05-06.pdf (broken link), the max in NC is \$442 a week. There is a formula to figure out how much you get based on your employed salary. If the formula yields a lower number, you will get that amount.

11-07-2008, 08:47 AM
 Location: Wouldn't you like to know? 9,013 posts, read 13,723,811 times Reputation: 3583
Quote:
 Originally Posted by bs13690 Never heard it called unemployment insurance before. According to http://www.osp.state.nc.us/emprsk/UI/UI%20info05-06.pdf (broken link), the max in NC is \$442 a week. There is a formula to figure out how much you get based on your employed salary. If the formula yields a lower number, you will get that amount.
bs, your looking at a site that is shows \$442 was the max from 2004-05. The \$442/week is not correct, it is a higher number (for 2008-09).

The formula for NC is basically the following...

You take your total wages for the last 4 full quarters you worked, add it up and divide by 52 (weeks in a year).

You'll probably receive a little over 40% of what that number is......BUT you do get an "allowance" to work a part time job and still get your unemployment. Once you earn more in gross pay over your "allowance", that extra money will be deducted dollar for dollar against your current unemployment stash. This is not necessarily a bad thing, since you might need that extra unemployment income after your extension(s) is over (hopefully you get off unemployment b4 the extensio).

Last edited by CouponJack; 11-07-2008 at 10:02 AM..

11-07-2008, 09:30 AM
 Location: State of Being 35,888 posts, read 58,081,223 times Reputation: 22015
And seems to me . . . taxes . . . can't remember the law on that . . . I believe one has to pay taxes on any employment compensation \$\$\$.

Jack . . . you have that info? Just thought it should be mentioned so people can plan for that, as well. I just can't remember the law on this . . .

11-07-2008, 09:57 AM
 Location: Wouldn't you like to know? 9,013 posts, read 13,723,811 times Reputation: 3583
Quote:
 Originally Posted by anifani821 And seems to me . . . taxes . . . can't remember the law on that . . . I believe one has to pay taxes on any employment compensation \$\$\$. Jack . . . you have that info? Just thought it should be mentioned so people can plan for that, as well. I just can't remember the law on this . . .
Yes, very good point.

You'll also receive whats called a "voluntary election for Inc. Tax withholdings and/or direct deposit of UI benefits form" when you file.

You can check off the percentage of your wages you want deducted for federal and state taxes. This is important since unemployment is income.

11-07-2008, 10:02 AM
 Location: Matthews, NC 14,698 posts, read 19,817,719 times Reputation: 14134
Quote:
 Originally Posted by CouponJack bs, your looking at a site that is shows \$442 was the max from 2004-05. The \$442/week is not correct, it is a higher number (for 2008-09).
I...guess...that...does...make...a...difference.

11-07-2008, 10:07 AM
 236 posts, read 669,464 times Reputation: 137
thanks, just wondering...you never know

11-07-2008, 10:19 AM
 Location: Charlotte, NC 973 posts, read 2,649,179 times Reputation: 1207
Your unemployment check will depend on where you live. There was an article on Forbes.com about what different areas pay.

Best And Worst Cities For Unemployment Pay - Forbes.com

11-07-2008, 10:38 AM
 Location: Wouldn't you like to know? 9,013 posts, read 13,723,811 times Reputation: 3583
Quote:
 Originally Posted by gizmobizmo Your unemployment check will depend on where you live. There was an article on Forbes.com about what different areas pay. Best And Worst Cities For Unemployment Pay - Forbes.com
That makes sense then since Charlotte was at the higher end of the spectrum in terms of percentages...
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