Dealing with the loss of your job is difficult enough as it is, so you don't need the stress of trying to blindly develop a budget based around your best guess about benefit amounts. Although you'll have to deal with the uncertainty of a job search, you don't need to fret over the amount of unemployment insurance benefits the Wyoming Department of Employment will pay you: like other federal-state unemployment insurance programs, Wyoming sets its benefits using a strictly defined formula.
Things You'll Need
- Pay stubs or wage records
Separate your pay stubs or other record of earnings by calendar quarter, placing earnings from January, February and March in one stack, earnings from April, May and June in another stack, and so on.
Determine the last completed quarter you received wages. If it's May, midway through the second quarter, your final full quarter of earnings is the January through March quarter. This is quarter No. 1 in your calculation.
Arrange your stacks of pay stubs in reverse chronological order, following quarter No. 1 with the second most-recent quarter's earnings. Arrange your earnings statements until you have five full quarters of wages.
Eliminate quarter No. 1 from your calculation. Wyoming doesn't use the most recent quarter's wages when calculating your benefit amount. The four quarters remaining -- two through five -- serve as your base period.
Total the amount of money you made in each quarter during your base period, and determine the quarter in which you earned the most money.
Multiply the total earnings from the earning in which you earned the most money by 0.04. This figure is the amount of your weekly benefit. Wyoming caps its maximum benefit amount at $430 weekly as of May 2011, and the minimum benefit amount you may receive is $31.
Tips & Warnings
- If you work a part-time or temporary position, the Department of Employment may reduce your benefit amount for that week when you report your earnings, so realize that your benefit amount may still vary between weeks.
How to Calculate Unemployment
If you’re unemployed, you may be eligible for benefits. **Unemployment benefits come under the jurisdiction of individual states.** Each state has its...