Mississippi Unemployment Amount
Weekly MS Unemployment Benefits
The Mississippi unemployment amount is based upon an equation that involves figuring out your Highest Quarter Earnings and dividing that total by 26 weeks. The quotient or total that you wind up with is then round up to the nearest dollar amount to give you the Mississippi unemployment amount. Bear in mind however, that when it comes to weekly benefits there is a cap on how much you can receive and there is a limit on what you can get each week. In the state of Mississippi, the lowest amount you can get when it comes to a weekly benefit is $30.00. Meanwhile, the uppermost amount of money you can get for unemployment benefits is capped off at $235.00 a week.
MDES MS Website - Mississippi Unemployment Amount
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You can find out exactly what your Mississippi unemployment amount by visiting the state’s unemployment website. There you are provided with a detailed chart that is broken down into four columns labeled A, B, C, and D respectively. Column A indicates the amount of wages you earned in your highest quarter; the quarters are based on a calendar configuration; you need to choose the quarter where you had the most earnings in the last four out of five calendar quarters. Once you have determined your highest earnings you can locate this amount in column A of the Mississippi Unemployment Amount chart. Column B presents you with 1/26th the amount of your highest earnings: this is what you will be eligible for on a weekly basis.
Column C on the chart helps you in determining the qualifying amount of benefits. In order to be financially eligible to get benefits your base period earnings must be at least forty times the weekly benefit that you qualify for; if, for example, you earned $780.00 to $805.99 in your highest quarter and you qualify for a weekly benefit of $30.00 in column A, in order to be financially eligible to get benefits, you will have had to have earned at least $1200.00 in total in your base period earnings. The final column D allows you to determine the total amount of benefits you can receive for a benefit year: a figure which is 26 times your weekly benefits or 1/3 the amount of your base period earnings, whichever proves less.