Unemployment Benefits Compensation
Unemployment compensation is the money paid to you during unemployment. Unemployment benefits are calculated based on your wages in your base period. It is also based on your weekly claims, meaning your unemployment benefit amount may be lower than what is originally decided upon.
Understanding how to calculate your WBA and your Maximum Benefit Amount (MBA) is simple.
Calculating Alaska Unemployment Benefit Amounts
Determine Your Weekly Benefit Amount
Max Weekly Benefit Amt.
Max Weeks of Benefits
Max Benefit Amount
Calculating your WBA requires consulting this online chart. While there are multiple mathematical formulas you can use, your benefits are ultimately based on your wages.
For example, the Minimum Benefit Amount in Alaska is $56, and is earned if your base period wages were between $2,500 to $2,750. The Maximum Benefit Amount is $370 and is earned on base period wages over $41,750.
http://labor.alaska.gov/unemployment/Calculating_Benefits.pdf
Determine Your Maximum Benefit Amount
Multiply your WBA by your maximum benefit duration (usually 26, but can be lower) to calculate your MBA. The current highest MBA possible is $9,620.
EXAMPLE: If you earned $250 for your WBA with a maximum benefit duration of 26, you'd earn $7,800.