Unemployment Compensation
Max Weekly Benefit Amt.
Max Weeks of Benefits
Max Benefit Amount
Once your claim for unemployment insurance benefits is approved and you begin claiming weekly benefits, you will receive a weekly unemployment compensation. This amount is your unemployment benefit and is paid every Friday for the previous Sunday through Saturday period. It can be directly deposited into your bank or placed on a debit card.
Your unemployment compensation benefits will be gauged based on how much money you made during the base period. These criteria vary between the states and are typically adjusted yearly. Calculate your potential earnings using the formula below or simply apply for benefits to see how much you'll receive.
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Calculating Kentucky Unemployment Benefit Amounts
Determine Your Weekly Benefit Amount
Calculating your Weekly Benefit Amount (WBA) requires multiplying your total base period gross wages by 1.1923 percent. Your base period is the first four of the last five calendar quarters.
EXAMPLE: If you made $45,000 during your base period, you would multiply that by 0.011923 to come up with $536. However, you would only receive $415, as this is the current maximum WBA in the state. Making $34,806 or more will guarantee you the maximum WBA available.
Determine Your Maximum Benefit Amount
Calculating your Maximum Benefit Amount (MBA) requires multiplying your WBA by 26, the maximum number of benefit weeks in a single claim. This is the most that you can collect, though you may collect less based on your weekly claims. The current maximum is $10,790.
EXAMPLE: If you earn $315 per week, you would have an MBA of $8,190 (315 x 26).